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#3521
Sacramento Restaurant For Sale

Prime Davis Location Asian Restaurant For Sale

$59,000
Prime Davis Location Asian Restaurant For Sale
This Listing is Expired

This is a high quality Sushi Restaurant at a steal of a price giving this one of those unique opportunities to own and operate an authentic Japanese Restaurant in the very desirable and popular city of Davis.  This restaurant is in a great main street location with plenty of parking and high visibility. UC Davis Students and Faculty alike enjoy the buzzing atmosphere of this prominent, classy restaurant.

This restaurant has been under the same ownership since 2001 (11yrs) and is probably one of the most well known Japanese Restaurants in the area. Featuring 1,300 Sq Ft of indoor space with a small area for good weather dining outside. Rent is low at  $4,700 per month included all CAM charges. The Dining room accommodates approx 40 seats with Beer/Wine served and a nice Sushi Bar.
The whole Dining room is fitted to a very high standard with many upgrades and a large kitchen for a possible chef owner to be in kitchen heaven. There is ample preparation and storage area, making this opportunity totally turn key. No further investment is required. It looks and feels absolutely new and clean.

The open Sushi Bar sits proudly to one side and is a real favorite with locals. The building has high visibility signage situated right on the main street. This is a perfect opportunity for a couple to own and operate their first Sushi restaurant. The size is managable and could lead to opportunities for growth in other locations in the future.

There is a Type 41 Beer and Wine license which is included with the sale.

Open for Lunch & Dinner, six days a week there is ample opportunity to expand the business, opening for Sunday's and "To Go" diners offered by most other restaurants in this upscale town.

You couldn't find a better deal and the opportunity to start a new life beginning in 2012 in the City of Davis! Don't hesitate as at this price, this restaurant will sell fast!

The Seller has family needs in Asia and wishes to concentrate on these.

This is a Paramount Restaurant Brokers, Inc. Listing

This is a Rob Tade-Broker listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Sacramento Restaurant For Sale
Lease Term:
Expires January 2016 + 5 year option
Total Monthly Rent:
$4,700
Security Deposit:
$4,400

Financials

Last Year's Annual Gross:
$264,649
Last Year's Owner's Cash Flow:
$27,740
Last Year's Food Cost %:
26.7
Last Year's Payroll Cost %:
33
Last Year's Rent %:
20

Operations

Liquor License:
41
# of Full-Time Employees:
2
# of Part-Time Employees:
5
# of Family Employees:
1
Hours Open:
Monday - Thursday 11.00am - 9.00pm
Friday 11.00am - 10.00pm
Saturday 4.00pm - 10.00pm
Year Established:
2001
Hood System Type 1:
Yes

Facilities

Indoor Seating:
40
Outdoor Seating:
16
# of Parking Spots:
20+
Inside Sq. Ft.:
1,300
Outside Sq. Ft.:
200

Highlights

  • Such a small price to pay for this quality Restaurant
  • Beautifully Appointed
  • Large prep kitchen suitable for any menu
  • Would suit first time Chef/Manager owners
  • Plenty of room for growth
  • Manageable Size
  • High Roadside Visibility
  • Turn Key
  • Sellers are very Motivated
  • Great Location in this University Town
  • 11 years of Goodwill
  • Same Ownership since 2001

Financing

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

Demographics

Population 5-mi
2014 Total Population 28,490
Households 5-mi
2010 Number Of Households 9,882
2010 Persons Per Household 2.74
Median House Value $555,700
Income Per Household $82,313
Businesses 5-mi
2009 Number Of Businesses 281
2012 Number Of Employees 9,180
2012 Total Annual Payroll $263,008,000

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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