Successful Teriaki & Sushi Restaraunt w/ Loyal Following
Business Description
Well established Midori restaurant. Very loyal and growing customer base located in the hugely popular Garland District in Spokane. Reasonable lease rate with 6.5 years remaining (including option). Building is in good condition and has 17 paved parking spots. High traffic counts on both Garland and Monroe. Great sales volume for this very popular niche market, with fantastic income for a hands-on owner willing to put in the work.
About the Business
- Years in Operation
- 6
- Facilities & Assets
- FF&E in great shape or new. Coolers, ice machine, cold display cases, dishwasher, etc. Included in asking price. Current lease through 9/30/2025; option at $3,000/month through 09/30/2030 (landlord will need to approve new owner to exercise option).
- Market Outlook / Competition
- Remarkable sales volume considering business was started in 2019 just prior to Covid. Gross and net figures are a 3-year average, 2021 to 2023.
- Opportunities for Growth
- The sky is the limit!
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,615
- Rent
- $2,800.00 per month
- Lease Expiration
- 9/30/2030
About the Sale
- Seller Motivation
- Relocation
- Transition Support
- TBD - owner will help new owner starting out, but their need to move out of area will limit timeframe, so time is of the essence! Priced below market value due to this being a niche market and owner's need to relocate for family.
- Financing Options
- Cashout due to value; asking price less than one year's net profit!
Listing Info
- ID
- 2249877
- Listing Views
- 2417
Business Location
Listing ID: 2249877 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.
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