Asking Price: $199,000
Cash Flow: $200,000
Gross Revenue: $1,016,100
EBITDA: $1,016,100
FF&E: N/A
Inventory: N/A
Rent: $6,590 per Month
Established: 2015
Why This Opportunity Stands Out:
Operational Details:
Hours: 4 PM to 10 PM
Owner Involvement: Owner and spouse each work 2 days a week, supported by additional staff on weekends
High Margins: Full tip table service system with no sharing, ensuring strong profitability
Owner 1 works 15hrs/wk and Owner 2 works 13hrs/wk
1. Proven Success:
With 9 years under the same ownership, this restaurant has established a loyal customer base and a stable workforce, ensuring continued success.
2. Strong Financials:
Total Sales (2023): $1,016,100 (including sales tax & tips)
Net Income: $120,000 as an absentee owner or $250,000 with part-time involvement.
3. Prime Location:
Located on bustling University Ave in Hillcrest, this restaurant benefits from a Walk Score of 97, making it a “Walker’s Paradise.” The area sees heavy foot traffic, with over 26,000 vehicles passing by daily. It’s surrounded by a thriving community with over $1.05 billion spent annually on food and alcohol within a 3-mile radius.
4. Fully Equipped & Ready to Go:
Features : The establishment possesses a Type 41 Beer & Wine license and a bar with 8 seats. It boasts an impressive array of front-of-house equipment, including a 3-compartment bar sink, a 6-tap two-door beer cooler, a sake machine, a hot water pot, a 48″ undercounter refrigerator, a bar ice bin, and 2 POS systems with 3 printers (1 printer in the kitchen). Furthermore, the property features high-capacity HVAC with new water heater, 2 bathrooms, dry storage with server prep/packaging area, and 2 extra-large outdoor storage areas (one with AC). The kitchen is well-equipped with a Type 1, 10-foot hood, a 15-inch char broiler, 6 burners with an oven, a two-hole Chinese wok, a three-door sandwich prep cooler, a two-door sandwich prep cooler, a microwave, an ice machine, a large walk-in cooler, and a 49 cu. ft. two-door freezer. Additionally, there is a 50-gallon grease trap in the basement and an owner-owned dishwasher. The dishwasher room and bathroom were completely remodeled with new a 3-compartment sink, wall and flooring in May 2024. This exceptional opportunity to own a thriving Japanese restaurant and bar in a prime location should not be missed. For further information or to schedule a viewing, please contact us promptly.
5. Flexible Lease:
The current lease is favorable, with base rent at $5,590/month and CAM at $1,000/month, expiring in June 2025 with options for renewal.
6. Turnkey Operation:
The business is set up with high margins, a full tip table service system, and a minimal need for owner involvement. This makes it perfect for both experienced restaurateurs and those new to the industry.
Don’t Miss Out!
This is an exceptional opportunity to step into a profitable and well-loved business in one of San Diego’s most desirable neighborhoods. Contact us today to learn more or to schedule a viewing. This opportunity won’t last long!