Upscale Japanese restaurant with good rating

Description

Japanese restaurant for sale in New Orleans. The business has been operating since 1999.

The restaurant is located in an approximately 8,000 sq. ft. freestanding building and has seating for about 150 guests.

The space includes a sushi bar, wine bar, private party room and customer parking.

According to the seller, about half of the customers are local residents and the other half are visitors to New Orleans.

The current owners purchased the business in 2018. They report spending about $1.2 million on renovations and another $200,000 on furniture, fixtures and equipment.

Wine currently represents around 10% to 15% of total sales.

The restaurant also does catering and private parties. Staff is already in place.

The menu has been kept relatively simple and the current owner says the restaurant is manageable to operate.

There has not been much focus on marketing. A new owner could work on catering, private events, local promotion or changes to the menu.

The managing partner is selling because of retirement.

The listing states that the liquor license is part of the sale, subject to any required transfer approval.

Buyers should review the financial records, equipment list, renovation history, staffing, liquor sales, catering income and lease or property terms before closing.