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Sushi Restaurant For Sale

Morris County, New Jersey, United States
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Asking Price$270,000
Revenue$660,000 Established2004
Cash Flow$74,000 Employees7 full-time
FF&E$170,000* FranchiseNo
Inventory$2,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Japanese Sushi Restaurant in Morris County with a gross income of $660,000 and a consistent net yearly income to the owner operator. This highly popular restaurant began delighting customers in 2006. Their menu features are many creative Japanese and Korean dishes, both traditional and contemporary. They offer a wonderful selection of soups, appetizers, sushi, sashimi, amazing Chef’s specialty rolls, as well as traditional teriyaki, and bento boxes. For more traditional Japanese tastes, they offer numerous noodle soups, combination plates, and selections of tempura and teriyaki available in both appetizer and entrée sizes. They welcome you to taste these dishes with their Chef’s unique flair, while enjoying the warm ambiance of their restaurants. They offer special services for parties, corporate function or business meeting in their restaurant or prepared for home parties. This business has seven employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $7,000. The business has an assignable commercial lease which expires September 17, 2026 plus additional options, with a monthly rent of $6,900, cost per square foot is $41.40 and rent security $10,000. The business consists of 2,000 square feet attractive restaurant and has a capacity for approximately ninety customers. The business fixed assets has an estimated value of approximately $170,000 which is based specifically on replacement cost and the sale consists of a fully equipped Restaurant which includes a commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, fire suppression system including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private mall parking on site as part of the commercial lease. The business is active seven days per week, with hours from 11:00 am to 9:30 pm. The sale includes a certificate of occupancy from the municipality and the required city licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this business opportunity.
Facilities:The restaurant consists of a 2,000 square feet facility with a warm and attractive appearance. The business is in a mid-size commercial mall with various other successful businesses. This business opportunity which is in Northern New Jersey, Morris County, on a highly active highway. The general area consists of various affluent communities with continued demand for this product and service.
Competition:To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth Potential:The business has a limited marketing plan, basic web site which can be improved to further develop the business net income.
Training/Support:The seller will supply training and will remain post-closing to supply an appropriate transitional period to the new operator.
Seller Financing:Seller financing may be available to qualified buyers.
Sale Reason:The owner is absentee out of the area.
Ad #97518
Seller Reference #REST563
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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