Hands-Off Retiring Owner, Growing, Possible Visa, Financing
Well known, well established, popular Sushi Restaurant in East Ventura County (Near Moorpark), serving the area since 2006. Established for over 10 years the business has weathered good and bad times, creating valued relationship with its long-term employees.
With having such a long successful career and now old age, the owner is ready to sell the business and retire. The Business is a good fit for an experienced or a new business buyer looking to continue the tradition, enjoy the reputation and growing revenue that the business currently enjoys.
The Restaurant is in a busy, high traffic and prominent shopping center. The Business underwent a minor remodel few months ago. All FF&E is well maintained and in great condition. Original cost to build the location was in the range of $450k-$500k. Current lease term has 4 years remaining + 5-year option. According to the seller, the landlord has no problem extending to 10-year option for the qualified buyer.
There are well trained key employees in place, both in the kitchen/ back and the front of the house. Turn key operation. Hands Off owner involvement will help make smooth transition. The owner tends to manage inventory, HR and the back end of the business sometimes the owner spends time on the weekend greeting customers during busy hours. The Owner visits the business approximately 1.5 2 days/ week.
Visa: The current owner migrated to this country based on E-2 visa obtained via this business and believes that the business could potentially be a good candidate for another immigration visa as well.
Verifiable books and records and detailed financials available during due diligence. Possibility of SBA and limited Seller finance upon accepted offer and buyer qualification
* 2014: $844,740
* 2015: $981,563
* 2016: $994,899
* 2017: $1,027,119
* 2018: $1,110,382
Asking Price: $289,000 + Inventory
Contact: Raj Parikh | (909) 510-9102 | firstname.lastname@example.org