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Camarillo Japanese Restaurant

Camarillo, CA (Ventura County)

Camarillo Japanese Restaurant
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Asking Price: $95,000

Cash Flow: N/A

Gross Revenue: $672,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2004

Camarillo Japanese Restaurant

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Business Description

The restaurant, located at a large shopping center including Vons Market and CVS Pharmacy, has sushi bar and regular tables & 6 Teppan Yaki tables serving food, beer and wine. Its size is approximately 3,210 SF to be able to accommodate guests up to 130.(sushi bar/25; teppan/55; tables/50). Monthly gross revenue is approximately $56,000. It was over $80,000 several years ago. But it was down since current owner decided to retire.

The price, $250,000, including facilities and inventories, is believed very good price considering the cost of newly build such restaurant would cost more than $200,000.

Regarding lease, Buyer shall have a new lease from the landlord.

Detailed Information

Location:
Camarillo, CA
Employees:
11
Facilities:
Full kitchen, 25-seat bar, 55-seat teppan yaki tables along with 6 ceiling mounted range hoods, 50-seat tables and restrooms and inventories left over are included in the price, $250,000.
Competition:
There are a couple of Japanese around there. But it is believed that none of them has a teppan yaki tables. The subject restaurant has a strong advantage over others as it has teppan steak yaki, but it has not been exposed well due to lack of advertising.
Growth & Expansion:
Camarillo is a relatively high income community with approximately 158,000-population size within 5 mile. Current owner who already decided to retire has not aggressively exposed the restaurant with internet advertisings to meet the changing mix of ethnic groups and businesses around there with new menu or fresh environment. Current owner had run the restaurant for last ten years very successfully until they decided to retire. Its monthly revenue used be over $80,000 per month. There is a great opportunity to turn up the restaurant more aggressively expo
Support & Training:
Seller will introduce Buyer to landlord to facilitate a new lease. Also, Seller will provide list of all vendors. If necessary, Seller will provide one week training before close of escrow.
Reason for Selling:
Current owners are retiring.
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Business Listed By:
Steve Lee

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