Hi-Vol Sushi: AYCE, Rev $3.36M, Netting $600K, SBA OK, Firm Prc $1.5M

Corona, CA (Riverside County)

Hi-Vol Sushi: AYCE, Rev $3.36M, Netting $600K, SBA OK, Firm Prc $1.5M
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Asking Price: $1,550,000

Cash Flow: $600,000

Gross Revenue: $3,360,000

EBITDA: N/A

FF&E: N/A

Inventory: $30,000*

Rent: $11,100 /Month

Established: 2014

*not included in asking price.

Hi-Vol Sushi: AYCE, Rev $3.36M, Netting $600K, SBA OK, Firm Prc $1.5M

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Business Description

> A well-established Japanese Sushi Restaurant in a great local spot for quality sushi with sushi bar.
> The price is fixed at $ 1.5 million and can not be negotiated. Sorry but only buyers who think it's worth paying this price can go forward.
> AYCE. Beer and wine license included. Absolute absentee run, 5 years in business. Turn-Key
> Situated in modern style strip center where upper-class and middle-class neighborhoods coexist.
> This family sushi restaurant, which can be called the threshold and key point of the region, is surrounded by a huge commercial and residential area in Corona, so always busy
> The sales volume is quite high, and the annual turnover is nearly $3.36 million, while the seller represents that net profits exceeds $600,000 per year at the seller’s discretion.
> Books and records are from square. SBA loans w/30% down approved.
> Established 10 years ago, but the current seller has been operating for about 5 years.
> Favorable local conditions and decent customers have made it a very stable business trend and firmly established itself as a bastion in the region. Sales and profits have been growing steadily for years and are still in a stable phase.
> Reasonable rent below the market rate is under 4% of revenue. Current lease set to end July 2024, however a 5-yr option is available.
> 5 years in business. High visibility from street traffic flow. Absolute absentee run profits
> For more, see below;
• Gross monthly revenue is anywhere between $270,000 and $290,000, of which credit card revenues account for about 85%
• Net income possible is an average of $50,000/mo
• Cost of goods sold including supplies is efficiently as low as 30%
• All-in rent is $11,100, including NNN
• Lease: 4.5+5
• Decent restaurant size is approx. 3240 sq. ft
• A total of 30 FT & PT employees work. Owner only work a few hours to manage the operations as needed
• High-efficiency business hours are from 11:30 am to 9:30 pm, 7 days
• fine parking space in front and in the mall
• Operated for 5 years by the seller
• Financial records are only available to buyers who proven purchase money and committed
• SBA loan is possible with a 30% or $450K down. For a loan of $1,050,000, an installment of approx. $13,300 per month can be estimated at 7.5 annum for 9 years, due to a lease term
• For SBA loan and/or lease assignment eligibility, buyers must prove 720+ FICO, sufficient funds in the bank account seasoned more than 90 days and at least 2 years like-kind business experience or sushi restaurant ownership
• For more information, contact Kevin Kim at beeinvest.kim@gmail.com / 714.345.6514
• For your quick inquiries, an online NDA form attached. Sign and return for address or ‘a walk-by’

Detailed Information

Location:
Corona, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,240
Lease Expiration:
5/31/2028
Employees:
30
Facilities:
Full kitchen, Walk-in freezer, Walk-in cooler, Hood, Grill, Beverage dispenser, Ice machine, Prep table, Work space, Storage room, Office, Steam table, Prep table, Absentee profits
Competition:
Yes
Financing:
30% down SBA loan possible
Support & Training:
2 weeks training by on-site manager / employee and 8 hours by seller after closing
Reason for Selling:
Have another business venture
Contact Seller

Contact the Seller

(from currently available funds)
 
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Kevin Kim

Business Listed By:
Kevin Yong Kim

Bee Realty Group

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