Review

Japanese Restaurant
Restaurant, Food Related
In or near San Francisco

Status: Available
Price: $299000
Sq Ft: 1,600 Sq Ft.

LBA Listing # 3699
 

  




 
Japanese Restaurant
Restaurant, Food Related


San Francisco LBA Listing # 3699
Profitable & Established business for over 23-yearsat this location and 11- years with the current owners. Great online reviews for local and tourist customers long-term10-year lease, low rent $3100/m.Business currently operates M-S, closed on Sundays. New owner can get additional sales if open on Sundays. Seller claims; Gross annual sales $468,000 with $132,000 Net. After$84,000 payroll already deducted from Net. It is currently run by the owners/parents and two sons helping out along with their other full-time jobs, so it's time for parents to retire. A great opportunity for new owner to enjoy established cash flow.  Seller willing to carry a 30% loan for qualified buyer also it is  eligible for  SBA Financing with 10% down. Books available for review.
Status: Available
Price: $299000
Sq Ft: 1,600 Sq Ft.  


Business Information Financial Information
Ownership Type:  Corporation
Year Established: 23 years ago
Year Purchased: 2009
Business Type: Japanese Restaurant
License(s) Required: Business, Health, ABC
Hours of Operation: 11am-9.30pm/6xdays a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  Possible
Office Listing Number: 3699
Date Available: 5/15/2019
Reason For Sale: Retiring.
Annual Total Revenue: 468,000
Annual Net Income: 132,000
Inventory: Included in asking price
Monthly Payroll: 7,000/m
Lease Information
Base Rent: 3,100/m
Lease Expires: 2024
Lease Option: 1x5 years option
NNN:
 
Financing Information
Down Payment: 29,000
Owner Will Carry: 49,000
Other Finance Terms:
Disclaimer: This Information has been supplied to Broker by Seller. Broker expressly disclaims any and all liability for representation of warranties, expressed or implied, contained in such information, or for omissions from them. Broker believes such information to be correct, but has not verified or checked it. Any agreement or decision by Buyer to pursue a transaction regarding this Business should be based on further investigation by the Buyer. This information is shared by all Brokers/Agents at Liberty Business Advisors of San Francisco, Inc.