Korean Restaurant - Owner Retiring
Asking Price: | $195,000 |
Gross Revenue: | $560,648 |
Rent: | $3,223/Month |
Cash Flow: | $149,792 |
Inventory: | $2,500 |
Established Year: | 1987 |
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.
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