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Up for sale is a revolving Japanese sushi bar. Established in April of 2012, this popular local favorite is in a major shopping center at a major intersection of two high-traffic commercial streets in West Houston. The restaurant is known for its unique and simple concept of being a self-serve sushi bar with a conveyor belt. Customers can look and easily pick up the dishes they want from the moving belt. It has attracted many repeat customers from the nearby offices and residents in the community.

The seller spent upward of $360K in leasehold improvements when it was built. The professionally-designed restaurant of 3,902 square feet includes three main areas: a bar area, an open setting area and a party room of approximate 150 square feet.

The restaurant has been profitable since it was established in 2012, despite a decline in revenue since the manager left at the end of 2017. Revenue for the year of 2019 was $1,037,336 with an SDE of $108,274. Huge potential to recover revenue and profit if effective management is in place and more marketing activities are applied.

The business has been profitable after it was reopened in May 2020 even under the impact of Covid-19. The revenue was $200,000 with about $40,000 of SDE in the first quarter of 2021. The seller has confidently projected $950,000 of revenue with $120,000 of SDE in 2021.

The seller is in need of relocating for personal reasons. Rare opportunity to acquire one of the top grossing restaurants in the area.

Special requirement on buyers:
The landlord requires the new owner has restaurant owner experience with a credit score of 750+ to sign the lease.

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.