SBA Loan Approved At ~$60,000 Down. 2019 Profit $185,000 And 2020 Esti

SBA Loan Approved At ~$60,000 Down. 2019 Profit $185,000 And 2020 Estimated Higher.

RRC#: 3863
Asking Price: Offered At $299,900
Location: San Diego
Annual Revenue: $860,000
Annual Cash Flow: $185,200
Monthly Rent: $8,092 includes base rent and NNN expenses.

Listing Description:
Pre-Approved for SBA Loan on business financials (tax returns) up to 80% of purchase price, or approximately $60,000 down payment. In 2019 the business had a profit of +$185,000, with 2020 Sales exceeding 2019 pre-covid levels. Well established and high visibility sushi restaurant in beautiful coastal San Diego. Located in well established restaurant neighborhood with strong year round residential and tourist populations. Has both indoor and outdoor seating. In business for approximately 25 years and with current owner for the last 7 years. Has good combination of traditional sushi bar and regular tables, plus an ABC Type 41 Beer & Wine License included in the sale price.

Some of the equipment included in the purchase price is: Type1 Hood (4’x7?), Grease Interceptor, Freezer (4’x6?), two Under Counter (3’x5.5?) Refrigerators, one Deli Refrigerator, two Sushi Cases (4?), one Sushi Case (6?), Hoshizaki Ice Maker, two Baking Ovens, one Gas Stove (4 burner), Sushi Bar (40?), one Hot Sake Machine, one American Range Deep Fryer, Rice Cookers, Clover POS system, and various tables, chairs, prep tables, dining ware, plus other equipment, tools and supplies necessary to run the restaurant.

This restaurant is located on a highly visible corner with an abundant amount of windows for visibility into the restaurant. This business has been conservatively valued at a sale value of $362,000 (pre-covid) making this restaurant an excellent opportunity for a qualified new owner based on its track record of profitability, years in business and location.

General Information:
Established: 1995
Current Owner: 2013
Employees: 9
Reason For Sale: Retirement

Financial Information:
Monthly Revenue: $80,000
Monthly Cash Flow: $15,400
Annual Revenue: $860,000
Annual Cash Flow: $185,200
Monthly Payroll: $13,134

Square Feet: 975 inside (does not include outside square feet)
Seating: 35 inside and 25 outside
Hours: Mon thru Fri 11:30am to 10:00pm, Sat 11:30am to 10:30pm, Sun 11:30am to 9:30pm
Parking: Ample on street and nearby lots