High Volume Japanese & Sushi Restaurant and Bar
NCListing DetailsOffice ID: SUSHI1
Status: Offer Received
Listing Broker: George Bradbury
Listing Price: $850,000
Gross Revenue: $2,131,714
Cash Flow: $224,148
12 Month Forecast: $1,785,000
Forecasted Cash Flow: $210,000
Inventory Included: Yes
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Reason for Sale:
The owner is retiring.
The owner would be willing to be hands on for 30 days/80 hours within the month after closing to provide introductions to vendors, staff, menu items and preparations, business practices, etc.
OperationsYear Established: 1997
Form of Ownership: S Corp
Employees (full-time): 15
Employees (part-time): 13
Business Hours: Tues to Sunday 11:30-9:30
As this Japanese Restaurant enters its 24th year of business, it continues to be recognized as the premier dining destination in the state for sushi, sake, and authentic Japanese cuisine. Open since 1997 and in continuous operation with the same owner/head chef behind the sushi bar, this is an established restaurant with a strong customer base that has endured and continues to grow. The restaurant is consistently recognized as the best sushi/best Japanese food in the Triangle area market and North Carolina. Their sake menu has now grown to over 100 selections and remains the largest, most diverse sake collection on the east coast.
Their dining facilities include standard tables, a sushi bar, “tatami” booths with traditional floor seating, and outdoor dining tables. Their staff for both the back of the house and front of the house has significant experience and dedication. Their kitchen manager has been with the business for over 15 years; their head waitress/manager has been with them for 14 years. Many of the wait staff have 10+ years of service. Their collective knowledge and history with the business and customers makes them incredibly valuable resources and assets. They take great pride in the fact that on any given night our dining room clientele may range from “suits to work boots”.
While they are committed to providing its customers with genuine Japanese cuisine, it is also committed to presenting Japanese cuisine as an approachable and engaging dining experience.
They have exceptional relations with all our supplies/vendors and anyone purchasing this business can expect the same “white glove,” treatment they have received as a quality customer of many years.
Through the years they have taken great pride in becoming part of their customers’ lives and traditions. With the incredible growth of the Triangle area they have continued to gain new customers and continue to engage our base. This restaurant opportunity would provide a new owner with a near seamless entry into a solid, viable business that has a strong history, amazing product, and potential to grow into its 25th year and beyond.
A new owner should have the ability to learn the specifics of a new cuisine and new “non-traditional” food suppliers (Asian food distributors/Sake distributors) Enthusiasm and appreciation of Japanese cuisine along with an interest and energy in putting his/her own mark on the business would be ideal. As a small business, a new owner would need to wear many hats and would have a variety of roles to fill personally or with an appropriate employee. Therefore a higher bottom line may be realized for an energtic new buyer by contolling food and payroll expenses.
While there are numerous Japanese style restaurants providing discount sushi, “buy one get one,” specials, and fusion style cuisines, there are very few authentic Japanese restaurants in the area. . There are a couple of real competitors but it should be noted that they have “downtown” locations. This restaurant's suburban location has allowed them to maintain a very active TO GO business during COVID restrictions and as they reopened, they have maintained a consistent in-house dining clientele that is not dependent upon driving to a downtown urban location.
A new owner would have ample opportunities to grow an already successful business. Their TO GO service, while always part of our business, grew rapidly with COVID restrictions. TO GO dining will remain a significant section of our business for the foreseeable future. A new owner can make changes in their TO GO system and technology that could increase business and customer offerings.
Their sake selection is extensive but often overwhelming to customers who are less familiar with sake. A new owner could expand on their current sake flights and develop tasting menus and events around our sake selection. Sake, with its amazing traditions and varieties, is truly poised to represent the next wave of the American dining/bar experience (much like the expansion of wine offerings and craft beer offerings) A new owner could truly make his/her mark with new offerings and ideas around their sake menu.
LocationType of Location: Strip Center
Lease Expires: Jun 1, 2024
Monthly Rent: $6,183
Monthly Common Area Maintenance: $1,683
Square Footage: 3200
The restaurant is located in a popular strip center. It occupies 3,200 square feet and has some outdoor storage. In addition to ample tables inside, there is also outdoor seating.
Last Updated: Apr 20, 2021 / 6:34 AM
Financial Information Current As Of: Sep 28, 2020 / 12:24 PM