Incredible Location & Buildout - Keep The Current Concept Or Make It Your Own!
Rockford , IL
Asking Price: $69,000
Gross Sales: $(Asset Sale)
Net Operating Income: $(Asset Sale)
Monthly Rent: $2,500
Lease Expiration: 01/2023
Options: One 5-Year Option
Year Established: 2018
Owner Operated: No
Seller Financing: No
Food Type: Beer & Wine, Japanese, Sushi
Service Type: Full Service
Business Type: Independent
Sale Type: Asset Sale

Description:

Currently an upscale sushi bar and ramen restaurant. Offering delicious appetizers, salads, signature & traditional rolls, sashimi, ramen, sushi burritos, entrees, sides and desserts. Also Sake on tap, plus beer and wine. Reservations accepted, also available for private dining and events.

Full service. Dine-in, carryout or pickup.

Beautifully appointed interior. Welcoming sushi bar. Gorgeous built-in wine display. Lots of elegant upholstered seating. Stunning light fixtures. Striking tilework. Magnificent exposed brick. Impressive original ceilings. Expansive windows for loads of natural light. Full basement with office and storage.

Fully equipped kitchen includes 2-burner stove, flat top grill, tabletop fryer, 4-well steam table, convection oven, 2 rice cookers, mixer, prep tables, reach-in fridge, cooler & freezer, 2 chest freezers, walk-in cooler and more. Also, two 6ft glass refrigerated sushi display cases, 2-door sliding glass display cooler, ice machine and keg cooler for Sake. As well as a POS system and 15 camera security system.

Asset sale - no financials. Also independent, no royalty, ad or transfer fees. Keep the current concept or make it your own!

Opened about 2 years ago, already highly successful with lots more opportunity to grow!

Feel free to stop by the locations as a customer first. This is a highly confidential listing, please DO NOT talk to any of the employees or patrons. If interested, contact EatZ for more information. Showings by appointment only.

County: Winnebago
Location:

Prime corner retail space in a freestanding building with ample parking and great signage at a main intersection in the thriving revitalized business district of downtown Rockford. Tons of foot and vehicle traffic.

Perfectly situated in downtown Rockford full of shops, museums, galleries, breweries, restaurants, coffee houses, swanky lofts, yoga studios, one-of-a-kind attractions and booming businesses. Offering the area’s finest collection of arts, entertainment, sporting events, cultural venues & activities, unique dining & shopping experiences, historic neighborhoods, attractive parks, grand churches and a rich historic architectural legacy. And all along the Rock River, the biggest focal point of the city!

Plus, continued growth is expected with new events, new projects, new developments, more investment, more renovation and more new businesses coming to downtown Rockford. A popular destination for both local residents and visiting boaters from around the region!

Rockford, in general is the 3rd largest city in IL outside of Chicago, conveniently located 65 miles northwest of O'Hare. The area is home to several Fortune 500 company facilities, 3 major medical facilities, as well as more than 15,000 other businesses. It's the best of big city and small-town living. Almost 30% of the US population lives within 500 miles of its borders!

Real Estate: Leased
Facilities:

Leased space - cheap $2,500/mth gross (also includes water). Current lease expires in Jan 2023 with one 5-year option. The city is the landlord. Square Feet: 1,500. Seating: 63. Days/Hrs of Operation: Tu-Th 11a-10p, Fr 11a-11p, Sa 3p-11p (Closed Sunday -Monday). Owners Role: Absentee - supervisory only.

Number of Employees: 10
Support/Training: Negotiable # of weeks of on-site comprehensive training.
Value of FF&E: Included In Asking Price
Value of Inventory: $7,500 (Not Included In Asking)
Competition:

Excellent location in the heart of downtown Rockford. Serving the freshest ingredients in an elegant atmosphere. Chic decor. Hip atmosphere. The perfect spot for lunch, dinner, a business meeting, an anniversary celebration or anything in between!

Growth and Expansion:

Rockford’s premier and only sushi bar and ramen restaurant. A “not to miss” in downtown Rockford. Highly rated and recommended, great reputation to continue to build upon.

Time to get in is now! Perfect spot in Rockford’s revitalized downtown near the convention center and a huge new hotel development.

Seller Financing Available: No
Reason For Selling: New career opportunity.