Korean Restaurant - Owner Retiring

Santa Clara County, CA
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Asking Price:$195,000
Gross Revenue:$560,648
Rent:$3,223/Month
Cash Flow:$149,792
Inventory:$2,500
Established Year:1987
BUSINESS DESCRIPTION

This award-winning family restaurant has been serving Korean cuisine for over thirty years and has a loyal following in the community. It’s located on the corner of a major shopping center and has great visibility from the street. The dining area is tastefully decorated with Asian art with seating for forty plus. It is fully equipped and has a type 41 ABC license. Currently it serves lunch five days a week and dinner every day except Sunday. Sales in the last six months of 2021 have recovered to pre-Covid levels and show an annualized revenue of $624,052 and $149,792 cash flow. The owner is ready to retire and transfer the business to a new operator.


DETAILED INFORMATION
Location
Santa Clara County, CA
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,170
Lease Expiration
31/01/2025
Employees
6
Facilities
The restaurant has a corner location in a major shopping center with great visibility from the street. Large parking lot.
Support & Training
Two weeks at @ 25 hours per week
Reason for Selling
Retirement
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