$198,000.00
Asking Price
Status: Active
Posting ID: 286087
4/10/24
Description
This is a rare opportunity to own a well established franchise sushi bar business. It is located in a well known big supermarket in Peninsula since 2005. This is a simple operating business with a clean book and record. Seller is getting retired from the business. Seller claims the annual operating net income is about $215,000 for the past three years.
This Franchise Sushi Bar business has been there for about 20 years, they have regular customers. Two people are working there. They open from 9:00am to 6:00pm, 7 days a week. Some times they leave earlier.
Seller claims it is much easier than own a restaurant. They prepare all kinds of sushi and put in packages in the counter. Customers grab them and pay through cashier register. The market will send a check to seller every month that is the net income after expenses including rent, utilities, food cost etc
Per seller and Franchise agreement, seller pays 36% of gross sale to the Franchise that includes rent and utilities. Royalty fee is about $5000 for 5 years. Franchise transfer fee is about $2000.
Seller uses a shared kitchen, refrigerator and freezer, dishwasher with the store, and bathroom is shared as well.
If you are interested, contact with me for details, thanks.
To get more information about this Sushi Bar - Inside Supermarket, Unique Opportunity business for sale in San Mateo County please phone Shifang Sun (Agent - BRE License #:01984534) at 510-881-6010 Cell and 510-881-6010 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #286087 on BizBen.com. In addition to phoning Shifang Sun, make sure you email Shifang Sun above to get more info about this Sushi Bar - Inside Supermarket, Unique Opportunity, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01984534. Alliance Bay Realty-Business.
Contact
Details
Asking Price: $198,000.00
Down: Call/Email
Cash Flow: $215,000.00
Revenue: $444,767.00
Area: San Mateo County
City: None Given
Attributes:
My Notes About This Listing
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