Ichiryu Restaurant · 1160 King Honolulu HI 96814-1985 · Neighborhood: Makiki Area · Region: Metro · MLS: 1107669 · TMK: 1-2-4-003-002-0000 & History 

Show all 4 photos. Updated 7/18/2011 4:51:30 PM
Expired. It was offered at $15,000 LH
Location
Prop Type: Business
Bus Type: Sit-Down & Take Out
SIC:
Region: Metro
Neigh: Makiki Area
Name: Ichiryu Restaurant
1160 King
Unit #
Honolulu HI 96814-1985
Area
Lot size sf10,710
Lot size acres0.246
Floor #1
Financials
Annual
Gross Income:132,000
Operating Exp:80,000
Net Op Inc:52,000
Price Info
List Price:15,000 LH
List Price orig:38,000 LH
Fee Purchase:
Sales Price:0 LH
Concessions:0
Net SP:0 LH
Remarks
Seller:Perfect opportunity to be your own boss, at reduced price! 'Ichiryu,' Pacific Rim fast food sit-down and take-out restaurant. High visibility corner location with 2 reserved parking stalls, and shared use of 14 other full-size stalls with Precision Radio. Lease expires 5/31/2013, with option to renew for 3 additional years until 5/31/2016. Please do not disturb customers and employees.
Property Features
Amenities
A/C
Exterior Sign
Gas

Business Type
Fast Food/Deli

Construction
Concrete
Hollow Tile
Slab

Days Open
Six

Disclosures
None

Documents
Lease Documents
Licenses
Employees

Frontage
Main Street

Hours Open

Inclusions

Land Tenure
LH - Leasehold

Land Recorded
Land Court
Lease Type
Sub Lease

Lessee Pays
Insurance
Operating Expenses
Promotion/Advertising
Real Property Tax
Trash Removal
Utilities

Listing Broker
Quincy Kaneshiro, REALTOR

Location
In-Line

Ownership
Other

Parking
11-25 Spaces
Common Area
On Site
Open
Possession
Close of Escrow

Sale Conditions

Sold Terms

Stories
One

Terms Offered
Cash

Waste

Zoning
BMX-3 Community Business M

More Information
Miscellaneous
Business Established2010
Property Management Company:
Property Management Phone:
Franchise Fee:0
Lease Info
LandlordPrecision Radio
LessorPrecision Radio, Ltd.
Renegotiation6/1/2013
Lease expires5/31/2016
 
YearRent per month
Current 2016 1,100
Step up 1 0 1,300
Step up 2 0 0
Real Property Tax 2011
Assessed
Land1,906,400
Improvement270,900
Total2,177,300
Yearly
Tax Rates 2,350
102 Days on MarketKey Dates
Original listing 6/6/2011
List 6/21/2011
Photo 7/18/2011
Modified 10/1/2011
Price Change 7/29/2011
Status Change 10/1/2011
Temporary Withdrawn 8/16/2011
Back on Market
Off Market 8/16/2011
Withdrawn
Pending
Closed
Representation, Questions & Additional Information
If you are already working with an agent, please contact them directly for more information on this Business listing.
If you would like to work with a pro, contact:
Robin Glass, (R), PB, MBA
Hawaii Home + Commercial LLC
☎ 808-358-1774
glassr@hawaiihome.cc

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