Sushi & Pan-Asian Rest - Net $1M 11% Down

Business
  • Listing# : 19349
  • Listed Price : $3,300,000
  • Total Sales : $3,440,427
  • SIC : 5812
  • Down Payment : $362,000
  • Status : Active
  • Discretionary Earnings : $1,020,485

Business Type :

Restaurants / Full-Service Restaurants, Restaurants / Ethnic Restaurant

Business Description :

Bank preapproved with only 11% down ($362,000) netting over $1M!

Established Pan-Asian & Sushi Restaurant – Operating Since 1999

PLEASE NOTE: YOU MUST HAVE RESTAURANT EXPERIENCE IN ORDER TO PURCHASE THIS BUSINESS AND GET BANK FINANCING

This is a well-established full-service Pan-Asian restaurant specializing in sushi and modern Asian cuisine located in a busy shopping center in bucks county. Established in 1999, the restaurant has built a strong reputation in the community with a loyal repeat customer base and very high consistent cash flow.

This opportunity is ideal for an owner-operator or experienced restaurant operator looking to acquire a long-standing restaurant with stable operations and opportunities for expansion. This business is fully staffed for an owner to step in.

Highlights

•               Only $362,000 down to purchase

•               Bank preapproved for qualified buyer – must have some experience in the restaurant field 

•               Owner oversees the operation 

•               Fully staffed!! – we included $80,000 to pay an asst. manager plus give a $20,000 raise to manager

•               Established in 1999 with same ownership

•               Consistent cash flow and predictable repeat business

•               Year-over-year growth with strong sales history

•               Located in a busy shopping center with strong visibility

•               Experienced staff and manager in place

•               Large 4,855 sq. ft. recently renovated space

•               Opportunity to expand takeout, lunch service, and catering

•               Owner willing to provide training for transition

.                Has a Liquor License 


Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $75,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $500,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $150,000
    • Incl : Yes
    • Total Assets $725,000
    • Incl : Yes

Lender Prequalified: Yes

Similar Listing :

Restaurants