Established upscale Japanese restaurant operating continuously since 2008 in prime Virginia Beach County location. The business generates approximately $2 million in annual revenue through diversified operations including full-service dining, hibachi entertainment, catering services, and private event hosting.
Facility Features:
• 250 indoor seats plus 15 outdoor seats
• Three dedicated sushi bars and 10 hibachi stations
• Private party hall for events and celebrations
• Full liquor license with wine sales representing 15% of beverage revenue
• Recently upgraded fire safety systems, signage, and grease trap (2024)
• FF&E valued at $450,000 with leasehold improvements of $350,000
Operational Advantages:
• Strategic location near major residential areas, hospital, city hall, entertainment venue, and retail centers
• Established customer base consisting primarily of local residents with seasonal tourist influx
• Experienced and stable workforce
• Comprehensive menu featuring sushi, hibachi, and diverse Japanese and Asian cuisine
• Exclusive market position as the only restaurant with party hall facilities within 5-mile radius
• Minimal competition in immediate trade area
Revenue Streams:
• Dine-in service across multiple dining formats
• Catering operations for corporate and private events
• Private party and event hosting
• Seasonal business growth during summer months
Current marketing investment is modest at $500 monthly. Growth opportunities include enhanced social media presence, extended operating hours (no lunch service From Monday to Friday), expanded menu offerings, and introduction of happy hour specials. The semi-absentee owner operates one day weekly, presenting opportunity for increased owner involvement to drive revenue growth.
This turnkey operation offers immediate cash flow with established systems, prime real estate positioning, and significant expansion potential in a stable market with strong demographic fundamentals.
FACILITY & OPERATIONS:
The restaurant occupies a strategically located free-standing building in a high-traffic area of Midland, providing exceptional visibility and accessibility. The facility accommodates 200 guests across multiple dining areas including traditional seating, hibachi stations, sushi bar, wine bar, VIP dining room, and entertainment amenities. The property benefits from remarkably favorable lease terms at less than $1 per square foot monthly.
STAFFING & INFRASTRUCTURE:
Operations are supported by an established workforce of 17 employees (12 full-time, 5 part-time), ensuring consistent service delivery and operational continuity. The business maintains catering operations serving two major commercial clients, demonstrating diversified revenue generation beyond on-premise dining.
MARKET POSITION:
The restaurant has established strong brand recognition within the local market, previously achieving top Google search rankings for restaurants in the area. The competitive landscape includes two nearby establishments, with this operation maintaining differentiation through authentic Japanese offerings and comprehensive service capabilities.
FINANCIAL INVESTMENT:
The owners have invested approximately $900,000 in total improvements, including $400,000 in facility renovations and $500,000 in furniture, fixtures, and equipment. This substantial capital investment has created a turnkey operation with modern infrastructure and professional-grade kitchen equipment.
GROWTH OPPORTUNITY:
While the business demonstrated strong performance in 2022-2023, recent operational adjustments present opportunities for enhanced profitability through strategic management improvements, expanded marketing initiatives, and operational optimization. The established infrastructure, favorable lease terms, and market position provide a solid foundation for growth under new ownership.
