Established Korean Cuisine Restaurant Profits in PDX Pearl District

Portland, OR
Featured in OregonLive

Seller Financing Available

Asking Price:$200,000
Gross Revenue:$500,000
Rent:$6,519/Month
Cash Flow:$40,000
Inventory:$8,000
Established Year:2021
BUSINESS DESCRIPTION

Turnkey with solid staff, excellent customer experience and reviews.

A restaurant serving popular, tasty Korean food—Boneless wings, Jumbo wings, Chicken Sandwiches, Chicken Curry, Bulgogi, Tteok Kokki, Korean hot dogs, drinks and more!

A well-balanced menu and excellent staff provide an outstanding customer experience, making this a renowned location with thousands of 5-star reviews and a vibrant presence online/TikTok.


DETAILED INFORMATION
Location
Portland, OR
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,400
Lease Expiration
01/04/2032
Employees
5
Facilities
-Commercial, long-range hood stove -Four fryers -One-person sink -Cooking area with walk-in cooler -Inventory includes dry goods, containers, sauce, alcohol, other groceries -Two-car garage in a shared building, storage space
Competition
Prime location and wide customer base that includes young and old groups of people from all backgrounds. For Korean-style fried chicken, it is one of the few options in PDX area. Terms of sale are negotiable.
Growth & Expansion
Downtown PDX/ Pearl District is densely populated, with new/updated housing units being built next to the restaurant. Already has a devoted following and is well-reviewed across the board. An owner that is willing to invest in advertising will increase the businesses revenue and cash flow. A manager works four days a week to run the restaurant, so owner has the option to remain "hands-off" and use as a "turnkey" operation.
Financing
Seller-financing available to well-qualified buyer
Support & Training
Two weeks of training
Reason for Selling
To focus on establishing another restaurant in Gresham
Franchise
This business is an established franchise
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Leif Bullock
Leif Bullock