Profitable Japanese Steakhouse for Sale

Gregg County, TX

Profitable Japanese Steakhouse for Sale

Asking Price:$299,000

Cash Flow:$114,978

Gross Revenue:$848,777

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:2006

Profitable Japanese Steakhouse for Sale

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Business Description

Profitable, long standing Japanese Steakhouse for sale in the Tyler, Longview Texas area. $145,000 earnings

Three of the most important aspects in purchasing a restaurant are location, verifiable cash flow and longevity. This Japanese Steakhouse for sale in the Tyler, Longview area of Texas has ALL THREE AND MORE!

This profitable Japanese steakhouse offered by the restaurant brokers has been open for 10 years. Current owners have been in place for eight years serving great hibachi and sushi menu items while creating an exciting environment and memories for their guests. Combined, Tyler and Longview have over 200,000 residents guaranteeing a steady stream of new and repeat customers.

Sales remain strong with 2015 net sales of $850,000 and total owner benefit of $145,000 making this profitable Japanese restaurant the perfect opportunity for that corporate executive ready to become their own boss and owner-operator of this successful business. Open for lunch during the week and dinner every night, this Japanese Steakhouse for sale caters to business and families alike.

The restaurant itself is close to 11,000 square feet and has a seating capacity of 300. Think of all the special events a restaurant like this can host. Rent is very reasonable for the area and size of this restaurant at $11,000 per month all in. All the furniture, fixtures and equipment are included in the sale. The restaurant has 12 hibachi grills, two walk in coolers, a 15' foot ventilation hood in the kitchen and an in-ground grease trap.

A restaurant like this, with the great sales, cash flow, location, and years of operation would easily be valued in the mid $300,000s but the seller is motivated and has it priced to sell at $299,000

To learn more about this Restaurant for Sale including the name, address, and financials, be sure to click on the "request additional information" or "request name and address" links, sign the on line confidentiality agreement, and contact Steve Weinbaum at We Sell Restaurants

Detailed Information

Employees:
14
Facilities:
12 - Electric Hibachi Grills w/ vent hoods 3 - Large Gas Burners 1 - Double Burner 1 - Deep Fryer 1- 50 cup rice cooker 4 - chest freezers 2 - ice machines 1 - 3 compartment sink 1 - 2 compartment sink 4 - ss dish racks 1- 3 door keg cooler 2 - 3 door beer cooler 1 - 2 door cooler w/ ss table top 1- 3 sliding door cooler 1- outdoor storage unit 6 - ss prep tables 2 - washing machines 1 - dryer 4 - couches in waiting area 16 - booths / tables 160 chairs bar stools and tables pool table 2 computers cookware smallwares serveware
Support & Training:
yes
Reason for Selling:
Retirement

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Steve Weinbaum

Business Listed By:
Steve Weinbaum

We Sell Restaurants

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Sponsoring Broker:
Eric Gagnon

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