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Beautiful Japanese Sushi Restaurant with established affluent clientel

Thousand Oaks, CA (Ventura County)

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Asking Price: $325,000

Cash Flow: $288,000

Gross Revenue: $637,000

EBITDA: $178,000

FF&E: $145,000

Inventory: $30,000

Rent: $2,600 /Month

Established: 2017

Beautiful Japanese Sushi Restaurant with established affluent clientel

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Business Description

Contemporary Japanese & Korean restaurant with established clientele

Beyond sushi, restaurant offers a selection of traditional Korean foods including barbequed meats, noodle, and rice dishes. Established in 2017, this upscale contemporary restaurant is beloved by locals has gained excellent reviews online. Many of clients are regulars in the affluent neighborhood of Thousand Oaks and this profitable business offers low rents, profitable pricing, high liquor sales ratio, and shorter business hours.
Very low competition within two mile radius and located in a high density residential tract home neighborhood with high income demographic.
Store interior concept and furnishing was designed in collaboration with the store owner and an interior restaurant designer using high quality material and built to last.
Steady sales growth and high upside. Currently the business closes on Tuesdays and most major holidays. Current annual sales is north of $600,000 and one can expect 15% growth by adding a business day. Average ticket price is high and to go orders are increasing. Easy to run and high potential for continued growth in profit and sales.

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Detailed Information

Location:
Thousand Oaks, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,550
Lease Expiration:
5/1/2022
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
one year old furnishing including contemporary chairs and tables, all utensils and carefully selected plates and all settings. Lighting fixture and milled metal frame decoration are included. POS with host area and supplies needed to run your restaurant. Full kitchen, vent, professional gas burner set up with stainless steel vent system and drainage.
Competition:
Very little competition. Only Asian restaurant within a 1/2 mile radius and only two other restaurants within a mile radius. Located in affluent neighborhood consisting of about 2,500 homes but well known in the city
Growth & Expansion:
Growth pros: loved by locals and sales continue to grow at steady pace. Very little competition with short hours. Close on Tuesday and offer limited delivery and pick up. Cons: it is two miles away from the highway and many of clients are locals
Support & Training:
Owners will provide support and training for one month during escrow and after sale to ensure smooth transition
Reason for Selling:
family reasons
Franchise:
This business is an established franchise
Business Website:
http://www.yamasanrestaurant.com
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Business Listed By:
Jake Kim

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