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Profitable and Well-Known Sushi Restaurant for sale in KY

Kentucky (KY)

Asking Price: Gross: Cash Flow:
$ 325,000 $ 993,791 $ 298,438

Business Summary:
Whether you're looking to expand your current Japanese restaurant by opening a second location or thinking about opening your first location, this exciting business could be just what you need! Located within the Greater Louisville MSA (Metropolitan Statistical Area), this restaurant is a well-known and profitable, with strong financial performance year over year.The business is located in an affluent area, with median household incomes far surpassing the state and national averages. This is a contributing factor in the restaurant's recent strong financial performance despite Covid-19 impacts on the industry. Unlike many of its competitors, the business adapted quickly to serve customers in the most efficient way possible.

 

   
Year Business was Established: 2008
   
Number of Employees: 10 PT  
   
Facilities / Terms of Lease: The restaurant operates out of a large space in a highly visible strip center in the Greater Louisville MSA. The space consists of a fully operational kitchen and recently updated dinging room. All furniture, fixtures, and equipment are well-maintained and included with the sale of the business.  
   
Potential Growth/Expansion: Recent growth is attributed to many factors, including Covid-related closures of other restaurants in the area and resumption of in-person services at a large, local church. Additionally, the restaurant introduced online ordering in late 2020, creating an easier ordering experience for customers. Future growth opportunities include: Increase marketing and advertising efforts in the area Resume lunch offering, as the restaurant is currently only serving dinner Expand menu offerings to include traditional entrees, in addition to sushi  
   
Competition: Within the city of Louisville, there are several Japanese and sushi restaurants. However, there are few of these restaurants in close proximity to this business. There is one Japanese restaurant approximately 1 mile from the business. Otherwise, competition is quite limited. The restaurant industry as a whole is projected to make a strong comeback following the Covid-19 pandemic. Discretionary spending is anticipated to increase, leading to more meals consumed outside of the home.  
   
Owner willing to train: Will train for 4 weeks @ $0 cost.  
   
Reason for selling: The owner is looking to retire after many years of operating a successful restaurant.  
   
Seller Reference Number: 1902-16738
BusinessMart.com Listing Number: 275939
 

 

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For more info contact:

Evelyn Correa

Murphy Business & Financial Services
727-725-7090

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