San Diego Downtown Sushi Restaurant & Lounge w/ Liquor

San Diego, CA (San Diego County)

Seller Financing Available
San Diego Downtown Sushi Restaurant & Lounge w/ Liquor

Asking Price:$239,000

Cash Flow:N/A

Gross Revenue:$576,224

EBITDA:N/A

FF&E:$30,000

Inventory:$10,000*

Established:2000

*not included in asking price.

San Diego Downtown Sushi Restaurant & Lounge w/ Liquor

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Business Description

This San Diego downtown sushi restaurant with liquor for sale includes a full restaurant as well as a separate bar and lounge with an outdoor patio. The business is ideally located in an up and coming area that continues to see the development of mixed use commercial and residential buildings. At one point the business was licensed for entertainment that allowed for live music however the owner did not renew renewing the license. This is an ideal location for someone looking to continue with the sushi concept, or implement their own concept, by capitalizing on the recently added bar and lounge that are thriving in this neighborhood development.

Detailed Information

Inventory:
Not included in asking price
Employees:
16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The 2,200 square foot facility will lease for $5,500 per month including all common area maintenance expense, with a new five year term with a five year option. All of the business assets will be included in the sale including the furniture, fixtures, equipment and full liquor license. Inventory estimated at $7,000 will be sold in addition to the purchase price at cost at close.
Competition:
Competition is considered to be low as few similar restaurants exist in the immediate area.
Growth & Expansion:
This business has a lot of room to grow. The existing owner runs the business absentee and is focused on other business ventures, so a new owner may significantly benefits from actively managing the business. Additionally, the area continues to undergo extensive redevelopment with a number of new commercial and residential buildings added, which will tremendously benefit the venue.
Financing:
May consider
Support & Training:
Seller will train for 2 weeks at 20 hours per week.
Reason for Selling:
Other Business Ventures

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Robert Rodriguez

Business Listed By:
Robert Rodriguez

The Veld Group

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Sponsoring Broker:
Michael Wildeveld

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