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A leading, regional concept based Sushi Restaurant chain is poised to expand beyond its home area to initiate a program to become a national brand and is seeking a financial partner to help it achieve this vision. This successful, ten year old, four unit chain has developed an innovative, menu driven concept that blends Asian and American cultures and is positioned in one of the fastest, most profitable sectors of the restaurant industry. Sushi based restaurant revenues have grown at 200% the industry growth over the last decade and have performed well in the recent economic downturn. In addition, Sushi based restaurants have higher operating margins than most other types. Mature restaurants in this specific Regional Chain (greater than two years old) have four year average net margins of 15.8% (compared to industry average of 6%) and revenues of $780 /sf. At the present time, the chain has four full service restaurants serving lunch and dinner seven days a week. It has been developing a brand presence that has been picked up by national media. In its metro area, the chain has been number one or two in market share.
The concept of the restaurant is to create a dynamic combination of Asian and American cultures based on traditional Japanese cooking fundamentals. These fundamentals are then amplified, muted or mixed with influences from many different styles of cooking. Each dish is then presented with significant care to have great visual and sensual appeal.
Each restaurant has full service tables with a separate sushi bar and cocktail bar area. The restaurants have a sleek Japanese line design that, combined with a unique menu, appealing presentation and performing chefs, result in a festive, trendy atmosphere. Management believes that their experience and sustained success over ten years have created a truly unique dining experience that can be duplicated in other markets.
The Company has developed a short term and long term plan to open restaurants in different, new markets from its existing geographic location. The Company has the organizational depth that will allow it to manage this initiative that it believes will prove it as a viable brand on a national basis.
For Further Information Contact:
Mr. Morton Hodin
Lexbridge International Mergers & Acquisitions Group, LLC
40 Mall Road, Suite 206, Burlington, MA 01803
Tel: 781-221-8421
Fax: 781-221-3533
INQUIRE FURTHER
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