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Shogun Sushi And Hibachi Restaurant In Mankato For Sale

Mankato, Minnesota
Asking Price:
$400,000 (USD) Furniture / Fixtures included
Sales Revenue:
$1,454,538 (USD)
Cash Flow:
$512,719 (USD)

Listing Site:

Highlights
High Visibility and Foot Traffic
Premier Shopping Destination
Easy Access from Hwy 22 and Hwy 14

Description
Listing includes the business, furniture, fixtures, kitchen and bar equipment and lease transfer. Great reputation in the area with 14 Hibachi stations seating 10, and the restaurant and sushi bar can accommodate more than 120 customers. Current lease is in place until 2023 with 2 successive 5 year renewal options.

Location
Located in the Mankato Heights Plaza strip center right off Hwy 22 and in Mankato's hilltop business district. The restaurant shares a strip with retailers Old Navy, TJ Maxx, Famous Footwear, Michael's, Pet Expo and others.

Listing Website:

Property information

Real Estate:

Lease

Lease Terms:

Lease through June 2023

Leasehold Rent:

$112,000 (USD) per annum

Lease Rent:
$16 (USD) per sq ft per annum
Size in square feet:
7,000

Business Operation

Reasons for selling:

Other opportunities

Employees:
18
Years established:
2013

Other Information

Support & training:

Owner/Manager will stay on and train

Furniture / Fixtures value:
$500,000 (USD) - included in the asking price
Related Documents:

Contact Information

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