MergerPlace

Established Hibachi and Sushi Restaurant

Fort Worth, Texas (Tarrant)


  • Asking Price: $380,000
  • Gross Income: $1,100,000
  • Cash Flow: $180,000
  • Real Estate: Not Disclosed
  • Inventory: $8,000
  • FF&E: $80,000
  • Listing ID: #225144
  • Established: 1997
  • Employees: 10FT/15PT

Business Description

Office ID: #001047

Prime location Japanese Sushi & Hibachi restaurant placed in the central business district of the North Fort Worth area is now available for acquisition. This business was established by the current owner in 1997. The business is located in a 3,200 SF space of a retail strip center anchored by nationwide grocery. This area is known as the commercial and business district of this city, with strong retail areas surrounded by a full of national retail stores, numerous businesses, and fast-food restaurants, which creates tremendous foot traffic. Competition can be expected for the industry this business is within, but this is the only Japanese restaurant in the immediate market area that also serves Hibachi. This restaurant offers various quality Japanese foods ranging from Kitchen & Sushi Appetizers, Soup & Salad, Sushi & Sashimi, Sushi & Bento Lunch Specials, Dinner Specials, Kids Menu, Sushi & Bento Dinner, Regular Rolls & Hand Rolls, Vegetarian menu, Hibachi grill, alcoholic beverage, etc. For these reasons, this business has built its strong customer base that has been accumulated in the last 23 years of operation. Most of the customers are middle and upper-class individuals and families and consist of a well mix of ethnic groups from the surrounding densely populated residential neighborhoods, while the Caucasian customers are still predominant for this business. Gross sales of this Japanese restaurant have been consistent for the last several years running at around 90K-100K per month even during the pandemic by providing quality products at affordable prices and personalized services. It is an interesting feat that the restaurant has generated consistent sales of 90K-100K per month despite not doing any pro-active marketing for years. A new owner can expect a considerable increase in sales if he/she utilizes various marketing methods appropriately. Delivery can increase the business by far as the demand for delivery and take-out service is growing faster than ever, especially after the COVID-19 outbreak. Marketing efforts on increasing catering business to corporate offices and headquarters, medical offices, car dealership, and churches nearby can also significantly improve the sales as the catering business has remained untapped. This is an excellent opportunity to acquire a well-established Japanese Sushi & Hibachi restaurant for a potential buyer looking for a relatively unaffected business by COVID-19 and still has a great potential to grow.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Texas
Metropolitan Area: Fort Worth
County: Tarrant

Company Information

Year Established: 1997
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 10FT/15PT

Financial Information

Asking Price: $380,000
Gross Revenue: $1,100,000
Cash Flow: $180,000
FF&E: $80,000
Inventory: $8,000
Seller Financing Available: No

Property Information

Facilities:

This business is in a 3,200 SF space of a retail strip center anchored by a high-end nationwide grocery. It is located next to an intersection surrounded by many national retailers with heavy traffic and a densely populated residential area. The intersection is known as the prime spot with an enormous strong presence of grocery, retailers, and offices.

Growth & expansion opportunities:

There is currently no single marketing done to proactively grow the business, and the business needs a full scale of marketing which includes online and offline marketing to bring the sales up.

Competition:

There is no direct competition within the immediate market area. There is another Japanese restaurant that serves Sushi & Sashimi in the immediate market area but it doesn't offer Hibachi which draws different demographics.

Reason for selling:

The owner is currently operating two businesses and wants to focus on only one business as a part of the preparation for retirement.

Support & Training:

The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.

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Business Listed By:

V-AID Group

www.v-aidgroup.com