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Busy Japanese Ramen Restaurant for sale

East Lansing, MI (Ingham County)

Busy Japanese Ramen Restaurant for sale
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Asking Price: $175,000

Cash Flow: $120,000

Gross Revenue: $500,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2013

Busy Japanese Ramen Restaurant for sale

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Business Description

Busy restaurant specializes in Japanese gourmets(Ramen, curry and rice bowls) and Asian fusion noodle dishes. The business is located at the heart of the campus area with high volume of student traffic and valuable parking space. A open kitchen makes the operation easy and flexible. Great amenities and unique food has earned the business reputation even without a bit advertising. The owner could make a fortune while being able to enjoy all holidays and long summer vacations in the past 5 years. Reasonable rent of $2,600/mo with nice land lord who never counting down the calendar for the rent.

Detailed Information

Location:
East Lansing, MI
Inventory:
Included in asking price
Employees:
8
Competition:
unique menu and least competition
Growth & Expansion:
The owner has been planning to expend the bubble tea and fresh fruit smoothie business. some equipment purchased and remodeling work partially done. Due to labor reason the restaurant discontinued the late night operation until 2:30 am which could add about 50% more sales. An attending hard-working owner can be rewarded.
Financing:
150000 down payment, owner provides 25000 financing
Support & Training:
owner is willing to train and help for a period of transit time
Reason for Selling:
owner sells the business for medical reason
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Business Listed By:
Benny liu

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