Upscale, Modern Japanese Seafood & Steak #000332

Rockwall, TX (Rockwall County)

Upscale, Modern Japanese Seafood & Steak #000332

Asking Price:$995,000

Cash Flow:$516,057

Gross Revenue:$1,977,106

EBITDA:N/A

FF&E:$150,000

Inventory:$20,000*

Lease Rate/Sq. Ft.:N/A

Established:2012

*not included in asking price.

Upscale, Modern Japanese Seafood & Steak #000332

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Business Description

Prime location Upscale Japanese seafood & steak restaurant in Northeast Dallas voted as the best sushi restaurant in the area is available for acquisition. Established and acquired with a one-of-a-kind interior built by the current owner of the business in 2012. While there are few competitors within the immediate market area, this is the only Japanese restaurant in the area with a truly upscale and modern take on the interior design along with strong product mix provided to the customers. Although the bulk of the customers are high income families from the local area, during happy hour the majority of customers transitions into the younger generation to young adults. Sales have continued to grow at a constant rate of around 10% every year and are currently at an average of $1,800,000 - $1,900,000/year and a conservative projection for 2016 sales is around $2,000,000. Proactive marketing is necessary due to the current lack of marketing except word of mouth and coupon distribution to schools. Various forms of marketing can be used to increase sales such as flyers, social media outlets, delivery service, and expansion of local alcoholic beverages. Recent addition of the yakitori grill will also increase revenue with the expansion of the already large menu this Upscale Japanese restaurant provides. Their extensive menu of various items consists of appetizers, soups, salads, sushi, stir-fried noodles, fried rice, udon noodles, bento boxes, hibachi grill, yakitori, Hawaiian BBQ, lunch specials, and desserts to complement your meal. Voted as the Best Sushi in the city, this Upscale Japanese restaurant has much to offer in terms of potential growth of sales and a unique interior design that cannot be replicated by any other competitors.
For more info, please call Moon Kim at 1-866-519-2421.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
10FT/13PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in a 6,100 SF retail strip center in a prime area for large customer traffic beside a busy intersection. All equipment is top of line and is in impeccable condition. There are 3 bars - bar for drinks, bar for sushi, and lastly bar for Yakitori grill. However, Yakitori grill bar which has been recently built by current owner with top of line equipment is not being utilized due to the owner's busy schedule. This could be another huge opportunity for new owner to add a chunk of sales.
Competition:
Few competitors are within the immediate market area, but this business exceeds other competitors in strong product and their interior decoration stands out from each competition.
Growth & Expansion:
Coupon distribution through schools is the only marketing done for this business except word of mouth. Proactive marketing is needed to further the reaches of the potential of this business.
Financing:
100% down at the time of closing or 30% cash down with SBA Financing for Qualified Bu
Support & Training:
Owner will provide training during a 4 week period for a smooth transition into the business.
Reason for Selling:
Other Opportunities.

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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

www.v-aidgroup.com

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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