Unique Japanese Concept Business With Real Estate Available For Sale

Business description

Unique Japanese concept with strong location on the South Shore. The restaurant is located on a busy state route; the facility is modern and has a beautiful build-out. This site has a history of strong sales and excellent growth potential. The business and/or Real Estate are for sale.
LICENSES: Full Liquor & C.V.
SALES: Approximately $700,000 in 2008
CASH FLOW: $102,000
REAL ESTATE: Is available for $1,150,000 there is also the possibility of an option to purchase the R.E.
AKING PRICE: $150,000 for the Business; the Real Estate is additional

Property information

Real Estate:

Real Property Included

Location:

Great Location on busy state route

Premises details:

FACILITY: This is a stand alone building, the space is approximately 5,050 square feet; the facility consists of a bar area, large kitchen and two large dinning areas. There is seating for 150 persons.
CONDITION: The building and restaurant are in good condition and have been recently improved.
PARKING: Private Lot with plenty of parking
EQUIPMENT: The equipment has been well maintained and is of good quality.
LEASE TERM: 3.5 years remaining on the current term with one Five (5) year option.
BASE RENT: $7,184 per month NNN
SIZE: 5,050 square feet (structure) 17,000 square foot (lot)
SEATING: 150 seats
HOURS: 3:00 PM – 10:30 PM

Size in square feet:

5,050 s/f

Other information

Expansion potential:

There is a history of strong sales with this locaiton and plenty of growth potential

Competition / Market:

Virtually no competiton in the local trade area

Support & training:

Training will be provided

Reasons for selling:

Health reasons

Financing available:

Some financing available for qualifed buyers

Furniture / Fixtures value:

$125,000 (included in the asking price)

Inventory / Stock value:

$10,000