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#3342
Santa Monica Restaurants For Sale

Profitable Chinese and Japanese Sushi Restaurant Brentwood

$159,000
Profitable Chinese and Japanese Sushi Restaurant Brentwood
This Listing is Expired

If you're looking for a first class Asian restaurant serving both Chinese and Japanese foods that has a provable profit, extraordinary food and premium service, then you must look at this 4.5 star restaurant business.

 

ABOUT THE RESTAURANT: This business was established in 1999, with the current owner operating it since 2007. Not only do they kill the competition with wonderful food, but they have mastered the art of service as well with the best service in town. 

 

ABOUT THE LEASE: There are 2,500 Sq. Ft., seating for about 104.  The current lease expires March 31, 2015 plus there is a 5yr option. And you wanted low rent, so here it is....the rent total is $4,050 a month including CAM charge until March 31, 2012 than increase 4% annually.

 

ABOUT THE FINANCIALS: In 2010 gross revenues over $373,000 and adjusted profit was more than $82,000.  Tax Returns are available to qualified buyers.

This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Santa Monica Restaurants For Sale
Lease Term:
Expires March 31, 2015 + 5 yr option
Total Monthly Rent:
$4,050
Security Deposit:
$2,750

Financials

Last Year's Annual Gross:
$373,685
Last Year's Owner's Cash Flow:
$82,070
Last Year's Food Cost %:
33.5
Last Year's Payroll Cost %:
16
Last Year's Rent %:
12.9

Operations

Liquor License:
beer and wine
# of Full-Time Employees:
6
# of Family Employees:
2
Hours Open:
Sun-Thur: 11am to 9pm
Fri-Sat: 11am to 9:30pm
Year Established:
1999
Hood System Type 1:
Yes

Facilities

Indoor Seating:
104
Inside Sq. Ft.:
2,500

Highlights

  • Turn key Asian business located in retail center.
  • Great reputation in the city
  • Rapidly growing city.
  • Plenty of parking.
  • Nice and clean dining room.
  • Fully equipped kitchen and sushi bar.
  • Good lease with reasonable rent rate.

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 3-mi. 5-mi
2014 Total Population 61,296 105,821
Households 3-mi. 5-mi
2010 Number Of Households 17,522 29,161
2010 Persons Per Household 3.10 3.24
Median House Value $349,200 $318,667
Income Per Household $91,343 $89,980
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,022 1,402
2012 Number Of Employees 25,186 35,902
2012 Total Annual Payroll $707,493,000 $959,928,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User. DRE License # 01339409.


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