Broker Name:Kevin Chung
Broker Email:info02@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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The Original Revolving Sushi Bar With All You Can Eat
(Restaurants)
Collin, Texas
Listed Price: $ 180,000
Listing ID: 000911

Listing DetailsDown Payment: $ 90,000
Gross Revenue: $ 447,901
Cash Flow: $ 73,641
FFE: $ 50,000 (Included in Price)
Inventory: $ 2,500
Reason for Sale:

Relocation.


Training & Support:

The owner of the business will provide substantial training to smoothly transition into the business operation. Most of the items on the menu are made by sushi robots and minimal training is required.


Listing SummaryBusiness Description:

One of the pioneers in a unique dining experience and one of a kind concept Sushi restaurant is available for acquisition. This business was established by the current owner in 2009 and was one of the first sushi restaurants in North Texas to offer revolving sushi on a conveyor belt and pay by the plate concept as well as all you can eat buffet. This business offers fresh and broad selection in a unique full dining setting and atmosphere. Unlike other sushi restaurants or similar concept restaurants, labor and food costs are minimal due to the automated food processing system in place. The sales have been consistent for the last several years around $450,000/year without much pro-active marketing effort. This business has its own website and Facebook page, but there are many other ways to pro-actively market the business to acquire new customers by more social media outlet and online presence, sending out coupons and flyers, expanding items on the menu, such as ramen, rice bowls, and ever so popular boba tea drinks. This business is located on the intersection of two major highways on the border of two of the fastest-growing and developing cities in North Texas. Not only the customers are from the surrounding area of the business, but there are regulars the come from all over the metroplex. This business is in a niche market and competition is very limited, but there is one competition near its business, but each business caters to different demographics. While the competition's customers are a mix of different ethnicities, the majority of the customers for this business are upper-income Caucasian individuals and families. This business differs and stands out from the competition due to its less expensive cost per plate, about 10% less than the competition, and also offers all you can eat buffet. Unlike most of the other full-service restaurants and because the owner has set up a very efficient and low labor cost and automated food processing system in place, the owner's role is very minimal and has been operating the business as a semi-absentee. The owner's major role is mainly keeping all books and records up to date, manage payroll, inventory, and spends less than 2 hours each day for opening and closing while making sure the employees have shown up for work. This business was established to provide a unique dining experience to the customers with fresh and variety of items with minimal owner involvement and ability to control labor cost and food cost to its minimal. This business has everything in its place to be successful for the next buyer who desires to operate as absentee or whom that wants to be fully involved to be more pro-active in marketing and reduce labor cost even more and reap financial benefits and reach full financial potential.


Competition:

There is one direct competition in the immediate area, but this business targets different demographics, offers all you can eat at a reasonable price, and the price is approximately 10% less expensive than the competition. Also, the labor cost and food cost are much less because the major operation is automated by the machines.


Potential Growth:

This business has its own website and limited Social Media outlet exposure and by being pro-active in online and magazine ads, and sending out flyers to newly developed subdivision to acquire new customers, will have an immediate positive financial impact. Also by participating in third party delivery services and adding additional items on the menu such as ramen, rice bowls, desserts, and ever-popular boba teas, will increase overall sales.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 2328
Facilities:

This business is located in 2,328 SF retail strip on the intersection of two major highways on the border of two of the fastest-growing cities in North Texas. All equipment has been maintained very well and in impeccable condition.


OperationYear Established: 2009
Employees: 11PT
Absentee Owner: No