Landmark Japanese Kitchen Steakhouse Business

Business Opportunity for Sale
Catylist Listing ID: 30666882
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $485,000
In Opportunity Zone? Yes
Name of Establishment: Japanese Kitchen Steakhouse
Business Website Address: japanesekitchen.com
Year Business Established: 1990
Gross Revenue: $1,294,300 (Annual)
Cash Flow: $129,500 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 12/4/2020

Overview / Comments

This is your opportunity to own and operate an iconic Japanese restaurant. The Japanese Kitchen has been an Albuquerque landmark for 30 years.

The Japanese Kitchen Steakhouse, located in the upscale Uptown shopping and business district boasts multiple dining areas with teppan tables, a full bar, a large, well organized kitchen, small sushi bar, and a private party area. It consistently ranks in the top 5 Japanese restaurants in the Albuquerque Journal and other area publications. The Walkability Index for the area is 82 and the restaurant draws from nearby office complexes, hotels and shopping areas, as well as boasting a city-wide following. It is designed to provide the ultimate experience in Japanese teppan dining. The 4090 +/- s.f. area can seat up to 215 patrons. A Dispenser License, which is not included in the business list price, is available for purchase along with the business.

The restaurant has long-term trained staff, most of whom are likely to stay through a transition in ownership. This is an asset sale. Owner is retiring.

FY2020 ended June 30,2020.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Industry Segment: Restaurants
Reason for Selling: Owner is retiring.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $232,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Employee/Labor Description: Trained, experienced staff. Most of them likely to stay on.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,349 188,357 335,122
Median Age: 42.26 36.88 38.56
Households: 8,338 83,843 147,837

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