Profitable Established Sushi Restaurant in Greater Palm Springs

Riverside County, CA

Profitable Established Sushi Restaurant in Greater Palm Springs
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Asking Price: $475,000

Cash Flow: $133,942

Gross Revenue: $311,803

EBITDA: N/A

FF&E: $5,000

Inventory: $25,000

Rent: $2,008 /Month

Established: 1980

Profitable Established Sushi Restaurant in Greater Palm Springs

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Business Description

Well-established and highly rated sushi bar family owned restaurant for almost 40 years. Have been in current location 19 years in a high traffic area of sunny Palm Springs, CA. The restaurant has remained steadfast in their commitment to bring customers top grade and freshest of ingredients, and friendly courteous service. The restaurant has taken pride in maintaining the age old tradition of Sushi Etiquette, from soft shell crab and deep fried tempura. The menu also includes sushi handrolls, nigiri, sashimi platters, tuna, salmon, octopus, to name a few. This 1100 sq ft restaurant currently has 26 seats inside with an additional 10 seats at sushi bar. Growth opportunity for an additional 26 seats on outside patio area, add breakfast and lunch to the menu. High premium sake, beer and wine are also offered. Also offered are sushi classes on alternating Tuesday’s starting with sushi basics. The new owner of this establishment should be a master sushi chef ready to expand the business. Health is currently driving limited hours.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,100
Lease Expiration:
N/A
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Kiyosaku-family owned business.
Growth & Expansion:
Add 26 seats outdoors. Patio is ready. Add breakfast and lunch hours with new menu options.
Support & Training:
4 weeks
Reason for Selling:
retiring
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LeeAnn Schumacher

Business Listed By:
LeeAnn Schumacher

Transworld Business Advisors Coachella Valley

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Sponsoring Broker:
Rick Rayl

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