Pre-Approved for SBA Loan on business financials (tax returns) up to 80% of purchase price, or approximately $60,000 down payment. In 2019 the business had a profit of +$185,000, with 2020 Sales exceeding 2019 pre-covid levels. Well established and high visibility sushi restaurant in beautiful coastal San Diego. Located in well established restaurant neighborhood with strong year round residential and tourist populations. Has both indoor and outdoor seating. In business for approximately 25 years and with current owner for the last 7 years. Has good combination of traditional sushi bar and regular tables, plus an ABC Type 41 Beer & Wine License included in the sale price. Some of the equipment included in the purchase price is: Type1 Hood (4'x7'), Grease Interceptor, Freezer (4'x6'), two Under Counter (3'x5.5') Refrigerators, one Deli Refrigerator, two Sushi Cases (4'), one Sushi Case (6'), Hoshizaki Ice Maker, two Baking Ovens, one Gas Stove (4 burner), Sushi Bar (40'), one Hot Sake Machine, one American Range Deep Fryer, Rice Cookers, Clover POS system, and various tables, chairs, prep tables, dining ware, plus other equipment, tools and supplies necessary to run the restaurant. This restaurant is located on a highly visible corner with an abundant amount of windows for visibility into the restaurant. This business has been conservatively valued at a sale value of $362,000 (pre-covid) making this restaurant an excellent opportunity for a qualified new owner based on its track record of profitability, years in business and location.

General Info

  • OrganizationContact For Info
  • Established1995
  • Current Owner2013
  • Employees9
  • Reason For SaleRetirement

Facilities

  • Seating35 inside and 25 outside
  • Square Feet975 inside (does not include outside square feet)
  • ParkingAmple on street and nearby lots
  • LicensesABC, Business and Health
  • Open HoursMon thru Fri 11:30am to 10:00pm, Sat 11:30am to 10:30pm, Sun 11:30am to 9:30pm

Lease

  • Rent$8,092 includes base rent and NNN expenses.
  • ExpirationApril 30, 2023
  • Yearly IncreaseContact For Info
  • Option5 year
  • DepositContact For Info

Financials

  • Monthly Revenue$80,000
  • Monthly Cash Flow$15,400
  • Annual Revenue$860,000
  • Annual Cash Flow$185,200
  • Payroll$$13,134

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