Korean Tofu House, 16 Yrs Biz, Short Hours,retire, Renowned Biz In Oc.

La Palma, CA
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Asking Price:$269,000
Gross Revenue:$420,000
Rent:$5,000/Month
Established Year:2008
Cash Flow:$60,000
Inventory:$3,000
FF&E:$50,000
BUSINESS DESCRIPTION

A well-established Korean Tofu House, located in a high-traffic shopping center, is now available for acquisition. The current owner, who has successfully operated the restaurant for 16 years, is preparing for retirement. The establishment occupies approximately 1,500 square feet, with a monthly rent of $5,000, inclusive of common area maintenance (CAM) charges. The lease agreement offers a remaining term of 4 years, with an additional 5-year extension option.

There is significant potential to increase both sales and net profit by expanding operational hours and opening seven days a week. Currently, the restaurant operates on a limited schedule, serving lunch from 11:30 AM to 2:00 PM and dinner from 4:00 PM to 9:00 PM.


The business holds a Type 41 Beer and Wine (B&W) license, enhancing its appeal to mix demographic customer base.


DETAILED INFORMATION
Location
La Palma, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,500
Lease Expiration
28/02/2033
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Growth & Expansion
INCREASE TO 7 DAYS & INCREASE HOURS OF OPERATION.
Reason for Selling
RETIRE
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Jonathan
Hwang
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Jonathan Hwang