Well Known Korean Tofu House Restaurant in Arcadia, California

Arcadia, CA
listing image
Asking Price:$330,000
Gross Revenue:$825,000
EBITDA:$160,000
Cash Flow:$160,000
Inventory:$10,000
Established Year:2001
BUSINESS DESCRIPTION

REMARK: Great net income and Fantastic opportunity for fulltime Owner operator or Owner Chef Operator
REMARK: Well Known Korean Restaurant in Arcadia established since 2001
REMARK: SBA Loan 30 to 40% down subject to Lenders approval of buyer, Buyer' experience & financial
REMARK: Increase in Revenue potential by extending business open hours like prior to COVID
REMARK: Since February 15, 2024, Seller has done a long overdue price increase up-to 25% in all menu
items and this will reflect increase in Revenue and net income in immediate future

BUSINESS TYPE: Full Service Korea Restaurant
BUILDING & PARKING: Strip Center, Ample Parking
SEATING CAPACITY: Approx 70 more or less
DAYS OPEN & HOURS: 6 Days 11:30am to 9:00pm close 3pm to 5pm for lunch break - close on Tuesday
AREA: Arcadia, CA 91007
STORE SIZE: Approx 2,000 SQ. FT.
HOW LONG EST: Since 2000
NO. OF EMPLOYEE: 5 Full-times and 1 part-time
OWNER'S WORKING HOURS: Owner works 6 days a week Open to Close
LEASE, Approx.: Contact Remy



Approx, Represented by Seller as per Listing Agreement
Figures below based on Monthly Average
Approx Total, Monthly Average Gross Sales $68,750.00

Allocation of Sales
Dine-In $61,875.00
Deliveries by third-party service providers $6,875.00
Total Gross Sales: $68,750.00

Figures below based on Monthly Average
Cost $15,812.50
Gross Profit $52,937.50

Total Expenses $39,891.67
Approx, Monthly Average Net Income "including Owner' Salary" $13,045.83


Please, under any circumstances, do not Disturb discuss the sale of the business with any employer/seller,
employee or business neighbor, For more information please contact Listing Broker REMY CHEN

Broker/Agent does not guarantee the accuracy of the income, expenses or other information concerning
the business provided by the seller or obtained from Public Records or other sources.
Buyer is advised to independently verify the accuracy of above information through
personal inspection and with appropriate professionals.


DETAILED INFORMATION
Location
Arcadia, CA
Inventory
Not Included in asking price
Employees
6
Competition
Business is current open 6 days with short business open hours, Increase in Revenue potential by extending business open hours like prior to COVID
Growth & Expansion
Since February 15, 2024, Seller has done a long overdue price increase up-to 25% in all menu items including third party service provider such as Uber eat, GrubHub & doordash and this will reflect increase in Revenue and net income in immediate future.
Support & Training
2 weeks after close of escrow
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Remy Chen
Ivy Realty Co.
Remy Chen