Price reduced - Popular Sushi restaurant w Beer & Wine License

Essex County, MA

Seller Financing Available
Price reduced - Popular Sushi restaurant w Beer & Wine License
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Asking Price: $97,500

Cash Flow: N/A

Gross Revenue: $500,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $4,600 /Month

Established: 1998

Price reduced - Popular Sushi restaurant w Beer & Wine License

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Business Description

Ready for a quick sale! Well located popular Sushi/Japanese/Korean restaurant with a beer and wine license, north of Boston. It is available for a quick sale because of illness in the family. The restaurant is profitable and produces significant earnings for the owners. A new owner will have the opportunity to restore the restaurant to it's previously demonstrated higher level of profitability and to expand sales with additional items (e.g. Shabu Shabu) and longer operating hours. The landlord is willing to negotiate a new lease of 5, 7 or even 10 years with appropriate options.

The current owners will provide training and assistance for a suitable transition period.

Financial information shown is preliminary.

Detailed Information

Location:
Essex County, MA
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Facilities:
One floor with dining area, kitchen,two handicap bathrooms and storage area. Licensed seating capacity 72.
Financing:
To buyer with strong credit
Support & Training:
Sellers will train buyer during a suitable transition period to be negotiated
Reason for Selling:
Illness
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Jeffrey Starfield

Business Listed By:
Jeffrey Starfield

Northeast Business Partners

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