Teppan Restaurant Business – Just in Time for Sept.Indoor Dining

Undisclosed Address, New Mexico
Business Opportunity for Sale
Catylist Listing ID: 30622716
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $485,000
Year Business Established: 1990
Gross Revenue: $1,294,300 (Annual)
Cash Flow: $272,000 (Annual)
Cash Flow Type: EBITDA
Sale Terms: Cash to owner
Last Updated: 9/23/2020

Overview / Comments

This restaurant, 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.

FY2020 ended June 31,2020.

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.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Owner retiring
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $232,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: FY 2019, 7% of gross
Mgmt/Training Support Description: Skilled staff in place. Owner willing to train and much of staff expected to be available for continued employment after sale.

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