November 21, 2009
 
 
Japanese Concept Restaurant  •  $720,000

Location: Torrance
Seller: Ryan Clark
Phone: 310-652-8353
 
 
About This Business
BizBen Ad #: 138988
Status: Available
Start Date: 10/19/09
Last Revised: 12/31/69
Location: Torrance
County: Los Angeles
City: Torrance
Contact Information
Seller or Contact: Ryan Clark
Primary Phone: 310-652-8353
Alternate Phone: Not Provided
Email: contact@theveldgroup.com
 
 
Financial Information
Asking Price: $720,000
Down Payment: $720,000
Annual Cash Flow: $360,000
Annual Revenue: $1,200,000
Detailed Information
Franchise: No
Relocatable: No
Home Based: No
Real Estate Included: No
Broker To Broker Cooperation: No
 
 
Business Summary
This Traditional Japanese Concept (Non Sushi) Restaurant Has Been An Established Mega-Earner Since It 2004 Launch. The Restaurant Boasts A Stable Earnings History With Well-Documented Books, A Long-Term Lease, A Central Location Convenient For All South Bay Residents, A Beer And Wine License, 2 Private Dining Rooms, And A Stellar Reputation. The Facility, Which Can Accommodate Up To 70 Patrons, Also Has Two Restrooms, A Manager’s Office, And Plenty Of Room To Store Customer’s Sake And Japanese Sho-Chu.

This 2,200 Square Foot Facility Boasts Two Hoods (One With A Deep Fryer, Oven And Stove, And Second With A Stove And Grill), A Large Kitchen And Food Prep Area, Two Point Of Sale Terminals Plus The Manager’s Computer, A Spacious Parking Lot And Large Anchor Tenant Neighbors Leases For 7,000 Per Month Plus 1,700 In Common Area Maintenance (Cam) On A New Lease Valid Until January 2014, With 1 Five Year Option.

As Torrance Has A Large Japanese Community, Competition For This Traditional Japanese Concept (75% Of Patrons Are Ethnic Japanese) Naturally Exists. This Restaurant, However, Has Gained A Reputation For Being One Of The Higher-End Restaurants Of Its Type With A Traditional Offering In The Customer Manner And Setting.

New Owners Will Likely Seek To Maintain The Exact Concept, Menu And Operation That The Currently Owners Have Achieved Such A High Level Of Success With. As The Owners Are Adamant That They Only Seek To Be Open For Dinner Hours (Again, Due To The Traditional Nature Of The Concept), New Management May Seek To Explore The Addition Of A Lunch-Time Offering.

Please Note That It Is Necessary For All Prospective Buyers To Fill Out A Non-Disclosure Agreement As Well A Buyer Profile Not Only Indicating Ability To Purchase, But Also Identifying Where Funding Will Come From. Requests For Specific Data Without Such Will Not Be Entertained, Nor Will Responses Such As Not Applicable, Bank Loan (Without Indicating % Down), Or Investors. This Opportunity Is Not Available For Co-Broker At This Time.