Teppan Sushi Cocktail Bar, Absentee Owner

Price: $1,450,000

Location: Orange County, CA

Industry: Miscellaneous Restaurants and Bars

Listing ID: 01985218WP

Listing Status: Reduced Price

Description

Very Popular Sushi & Teppan Grill Restaurant with Full Cocktail License. Loud Music, Trendy, Well Established in the Heart of South Orange County. Since 2005 This Happening Restaurant with a Club Vibe has Been Rockin Customers and Pouring Drinks. Prime Location on Top Floor of Shopping Center directly across from Movie Theater. Very short hours from 5:00 PM and Kitchen closing at 10:00 PM. Drinking goes on until customers thin out. Ample parking, large and very spacious at 8660 Square Feet plus Patio yielding 9200 Square Feet total. Maximum Capacity is 385 inside, and 49 on Patio. Total of 40 Employees run the show with a full time manager. Owner lives out of state, and wants a cash Buyer now! This is a great opportunity to acquire a solid, long running establishment with brand new 10 years lease with fantastic terms. Clean ABC 47 Cocktail License. Buyer should be professional, experienced, and have ample liquidity. Confidential Sale, please do not disturb employees, landlord, neighbors or customers. Contact Broker for more information and NDA.

LISTING DETAILS

Down Payment: $1,450,000

Total Sales: $3,000,000

Cash Flow: $500,000

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: $800,000

FFE Included: Yes

Inventory: $18,000

Inventory Included: No

Operation

Year Established: 2005

Days & Hours of Operation: 5:00 PM to 10:00 PM

Non-Owner Payroll: N/A

Employees: 40

Managers: 1

Absentee Owner: Yes

Location

Real Estate: N/A

Monthly Rent: $21,667

Type of Location: Shopping Center

Square Footage: 8660

Relocatable: No

Summary

Reason For Sale:

Moved out of State

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING OWNER