This traditional, family-run, Japanese restaurant is now for sale. The restaurant has operated for decades and is beloved and supported by the community. There is extensive Goodwill that would transfer with this sale to a new owner.
The building is located in a busy Eastbay community that is growing fast, with many new modern housing projects and downtown improvements in the works now. The location is ideally located between the 185 and 238 (Foothill Blvd) in this diverse Eastbay city. The blocks are clean and safe and attract a lot of families and dining guests each evening. There is a public parking lot next door to the restaurant for the convenience of their patrons.
The current owners will be the landlord for any new incoming tenant. Having a landlord that understands restaurants and the existing restaurant space is a huge bonus for any new tenant. For the right tenant, they will offer a good lease term with option(s), at a monthly rate of $8000+NNNs each month for this ~4400 sf space, that has ~3800sf inside and a potential patio area of another ~700sf, if a new tenant wanted to convert it. A great new lease is available at roughly per/$2sf.
The restaurant has a traditional Japanese look and layout and boasts a wonderful sake menu, with a sake line created exclusively for this location. There is ample kitchen space with, a large office and multiple dry storage areas plus attic space. Please reach out for a full equipment list.
There is an entry way host area, waiting area, spacious dining room with an elevated dining section, as well as a classic sushi bar with seating and a private dining room for roughly 12 guests.
There is so much room to expand hours and increase volume as the current owners own the building, thus operating limited hours. Tap into this opportunity of extensive Goodwill and bring your own ideas and upgrades to this wonderful and classic Japanese restaurant.
- Current Owner1997
- Reason For SaleRetirement
- Square FeetInside 3,800sf+/-, possible patio can be created 700sf+/-
- ParkingPublic Parking Lot next door + easy street parking
- LicensesType 41 ABC Beer & Wine, Health, Business
- Open HoursUp To Tenant
- Rent$8,000 + NNNs
- ExpirationNew Lease Available
- Yearly Increase3%
- DepositTwo Months Rent
- Monthly Revenue$65,981
- Monthly Cash FlowContact For Info
- Annual Revenue$791,799
- Annual Cash FlowContact for Info
- PayrollContact For Info
- Down PaymentContact For Info
- Note BalanceContact 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.