Sushi Rest. w/Karaoke Lounge - Full Service

Location: California, United States
Category: Food and Beverage
Type: Established

Financials

Asking Price: $89,000
Cash flow: Not Disclosed
Revenue: Not Disclosed
Gross Income: $600,000
Inventory: $5,000 - Included in the Asking Price
FF&E $100,000 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

This Japanese restaurant and sushi bar has been a staple for the local community for almost 3 years. The business is divided into 2 main rooms; the sushi bar and restaurant, and a full banquet/bar/lounge used for karaoke, casual gatherings, and private parties. The restaurant has the capacity to hold approximately 60 persons, including 10 at the sushi bar. The lounge is set up with sofas and tables so customers can relax among themselves, drink sake, sing karaoke, or listen to the live entertainment, and can accommodate over 125 persons.

Facilities:
The business currently operates from a 6,000 square foot facility with a monthly lease of $6,500. The sale includes a full kitchen, full sushi bar, 10 x10 walk-in cooler, full kitchen with 16 hood, separate dishwashing quarters, over 10 tables in the main dining room, and over 70 chairs. The lounge includes over 12 sofas and 6 tables, a full stage with sound and lighting equipment, a karaoke system and full bar. The sale also includes a clean beer & wine (type 42) license.

Financing:
Tbd

Support:
2 weeks @ 25 hrs/wk

Competition:
Competition is considered medium as there are other sushi restaurants in the area, however, there are no full service karaoke bars and lounges of this kind within miles.

Growth:
Many opportunities for growth exist. The restaurant is currently closed on Mondays and does not offer lunch or happy hour service.

General Information

Reason Selling: Other Business Ventures

Number of Employees: 8
Year Established: 2003