Last Revised: 9/24/19. Posting #: 253344
Key Words: japanese, asian, sushi, poke, fish, ramen, san diego
Financial Info: Price: $300,000. Down: Call. Adjusted Net: $97,290. Annual Revenues: $593,200. According to the Seller, nearly 33% of the business is delivery. Rent: $5,360/month including CAM. There are approximately 3.5 years left on the lease.
Profile: Japanese restaurant is now available. The restaurant is approximately 1,667 sq. ft., and the rent is $5,360 including CAM. There are approximately 3.5 years left on the lease. Gross Sales were $593,280 for 2017 (Source: Tax Return) with Seller's Discretionary Earnings of $97,290. The restaurant has a beer and wine license. The restaurant has a diverse menu offering Poke, Sushi, Ramen, etc. According to the Seller, nearly 33% of the business is delivery. This is a high traffic area with heavy pedestrian and drive-by traffic. Business is located in downtown San Diego and surrounded by major commercial, residential (Mid & High Rises), and mixed use projects. Business has a great online presence and reviews. Perfect opportunity for an owner operator or as an add-on restaurant.
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Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
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Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
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