Sushi & Roll: 6-Day Open, Lw Rent, Rev $696K, Net $199K, Prc $590K, OC

Fullerton, CA (Orange County)

Sushi & Roll: 6-Day Open, Lw Rent, Rev $696K, Net $199K, Prc $590K, OC
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Asking Price: $580,000

Cash Flow: $199,500

Gross Revenue: $696,000

EBITDA: N/A

FF&E: N/A

Inventory: $6,000*

Rent: $3,950 /Month

Established: 2016

*not included in asking price.

Sushi & Roll: 6-Day Open, Lw Rent, Rev $696K, Net $199K, Prc $590K, OC

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Business Description

> High Net Income Producing Sushi and Roll Restaurant Sale in Orange County
> A well-established Japanese Sushi & Roll diner in a great local spot for quality sushi.
> No AYCE. No Beer and wine served. absentee run profits, 3 years in business.
> Situated in modern style strip center where upper-class and middle-class neighborhoods coexist. High visibility from street traffic flow.
> This family sushi & roll restaurant, which opens 6 days only and can be called the threshold and key point of the region, is surrounded by a huge commercial and residential area in Fullerton, so always busy.
> The sales volume is just right, and the annual turnover is nearly $700K, while the seller represents that net profits exceeds $240,000 per year at the seller’s discretion.
> Books and records are from square. SBA loans w/30% down approved.
> 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 7% of total revenue. Current lease set to end July 2020, however a 5-yr option is available. And additional 5-year option workable.
> For more, see below;
• Gross monthly revenue is anywhere between $58,00, of which credit card revenues account for about 85%
• Net income possible is an average of $18,125/mo
• Cost of goods sold including supplies is efficiently as low as 25%
• All-in rent is $3,950, including NNN
• Lease: 1+5
• Compact restaurant size is approx. 1300 sq. ft
• 4 FT & 6 PT employees work. Owner only work a few hours to manage the operations or shopping around as much as needed
• High-efficiency business hours are from 10:00 am to 9:00 pm, 6 days. Closed on Mondays
• ample parking spaces in the front and shopping malls
• Established for 10 years, but currently operated by seller for 3 years
• Financial records are only available to buyers who proven purchase money and committed
• SBA loan is possible with a 30% or $170K down. For a loan of $410,000, an installment of approx. $4,761 per month can be estimated for 9 years at 7.5 annum when buyer gets 10 years lease term
• For SBA loan and/or lease assignment eligibility, buyers must prove 700+ FICO, sufficient funds in the bank account deposited over 90 days, and have more than 2 years of sushi business experience or similar field work history
• For more detailed, contact Kevin Kim at beeinvest.kim@gmail.com / call at 714.345.6514
• For your quick inquiries, an online NDA form attached. Sign and return for address or ‘a walk-by’

Detailed Information

Location:
Fullerton, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,300
Lease Expiration:
7/30/2025
Employees:
10
Facilities:
Full kitchen, Absentee run, High net income
Competition:
There are many local restaurants around
Financing:
SBA w/30% down possible
Support & Training:
Two weeks after closing escrow
Reason for Selling:
Retirement
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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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