Established Sushi Restaurant with ABC License and New Equipment
Asset Sale Description
A fully-built-out sushi restaurant with a six-year track record and high customer ratings. Includes Type 41 liquor license. Walk-in cooler/freezer combo. Very favorable lease with 3 years remaining plus two 5-year options. Near two large university campuses.
SF: 1,328+/-
Current Rent: $5,152.64/mo ($3.88/SF)
Current NNNs: $1,088.36 ($0.82/SF)
Term: About 3 years remaining
Options: Two (2) five (5) year options (increases capped)
Revenue: Inquire
ABC License: 41
Indoor Seating: 50
Center Parking: 135+/- stalls
Survived During Covid: Yes
Days Open: 6 days a week
Equipment Age: 7 years
Google Rating: 4.5
Yelp Rating: 4.5
Can be absentee owned? yes, seller has remote pos and camera monitoring systems; staff is experienced and knowledgeable
Business Summary: proven successful operating history of over 7 years. Seller invested and paid off roughly $385-400k for full kitchen build-out and equipment from scratch at the commencement of the lease seven (7) years ago. Seller survived the Los Angeles Covid shutdowns with increasing sales to today.
Location Summary: center is situated near 210 Hwy and fronts Glendora's major commercial corridor. The Center is modern with national and regional co-tenants bringing in all-day foot traffic. Space has excellent signage exposure from the storefront and the monument signage fronting this arterial road when exiting 210 Hwy. The restaurant is less than a mile away from Azusa Pacific University (undergrad enrollment of 5,000) and Citrus College (undergrad enrollment of 10,000). Glendora is a suburb of Los Angeles County with a population of about 51,087 (2021).
Please fill out the attached NDA for financials/due dil materials.
SF: 1,328+/-
Current Rent: $5,152.64/mo ($3.88/SF)
Current NNNs: $1,088.36 ($0.82/SF)
Term: About 3 years remaining
Options: Two (2) five (5) year options (increases capped)
Revenue: Inquire
ABC License: 41
Indoor Seating: 50
Center Parking: 135+/- stalls
Survived During Covid: Yes
Days Open: 6 days a week
Equipment Age: 7 years
Google Rating: 4.5
Yelp Rating: 4.5
Can be absentee owned? yes, seller has remote pos and camera monitoring systems; staff is experienced and knowledgeable
Business Summary: proven successful operating history of over 7 years. Seller invested and paid off roughly $385-400k for full kitchen build-out and equipment from scratch at the commencement of the lease seven (7) years ago. Seller survived the Los Angeles Covid shutdowns with increasing sales to today.
Location Summary: center is situated near 210 Hwy and fronts Glendora's major commercial corridor. The Center is modern with national and regional co-tenants bringing in all-day foot traffic. Space has excellent signage exposure from the storefront and the monument signage fronting this arterial road when exiting 210 Hwy. The restaurant is less than a mile away from Azusa Pacific University (undergrad enrollment of 5,000) and Citrus College (undergrad enrollment of 10,000). Glendora is a suburb of Los Angeles County with a population of about 51,087 (2021).
Please fill out the attached NDA for financials/due dil materials.
Detailed Information
- Years in Operation
- 7
- Facilities & Assets
- Fully built out kitchen for sushi use. Inquire for equipment list. Only 7 years old.
About the Sale
- Transition Support
- To be negotiated. Can be absentee ownership.
- Seller Motivation
- Business owner wants to leave the US
Listing Info
- ID
- 2235633
- Listing Views
- 2257
Attached DocumentsAttachment Disclaimer
Listing ID: 2235633 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.