PRICE REDUCED. SELLER MOTIVATED. This one of a kind turnkey sushi restaurant is located in a busy beach town and has been consistently profitable since opening in 2008. It is surrounded by new hotels and is near a major transit center with heavy local and tourist foot traffic. It's also located in a redevelopment zone with major improvements being provided by the city. ABC 41 license to be transferred to the buyer. The owner of the restaurant owns the real estate and will extend a new lease at mutually beneficial terms to a qualified purchaser. High rise construction across the street to be completed November 1, 2018 per City Planner @ City of Oceanside Sale price includes the following partial list of FFE: Hood with Ansul and ventilation system; 12' x 8 ' walk in cooler and freezer; 6 burner range; deep fryer; (2) sake warmers; 2 compartment soup warmer; (2) cocktail stations with cold plate; (2) glass door bottle frig; reach in bottle frig; 24" charbroiler; (4) pizza prep friges; ice machine with 500 lb bin; hot water dispenser; (5) POS printers; POS terminal; (7) Ipads; (3) 6' sushi display cases; 3' sushi display case; (2) 42" flat screen TV's; (2) rice cookers; (5) rice bins; prep sink 2 comp table with faucet; hand and 3 comp sink; Culligan water filtration system; (38) bar stools; (50) dining chairs; (5) black circular booths; (7) black bankets; (10) swivel bar stools; (24) black square dining table; (5) round dining tables; (4) rectangular bar height tables; (2) rectangular belly bars; (8) patio glass top tables; (4) bar height patio tables with glass; (6) patio banquet chairs with cushions; (10) patio chairs; (8) patio bar stools; (8) wood rectangular tables; (3) amplifiers; channel board for sound system; misc. SS shelving, prep tables; misc. wine, soda, sake, cocktail glasses; misc. small, medium, and large plates and bowls; misc. kitchen utensils. Back of the house by appointment only and receipt of signed confidentiality agreement. Do not disturb employees who are unaware of sale.

General Info

  • OrganizationContact For Info
  • Established2008
  • Current Owner2008
  • Employees10 FT/35 PT
  • Reason For SaleConsolidating

Facilities

  • Seating145
  • Square Feet3500 + 500 SF patio.
  • Parking30 unreserved in parking garage
  • LicensesABC 41; County Health Dept.; City Business Permit.
  • Open Hours7 days lunch and dinner.

Lease

  • Rent$13,000+ $897 NNN
  • ExpirationNegotiable.
  • Yearly IncreaseNegotiable.
  • OptionNegotiable.
  • DepositNegotiable.

Financials

  • Monthly Revenue$139,696
  • Monthly Cash Flow$17,968
  • Annual Revenue$1,676,352
  • Annual Cash Flow$215,616
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location