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Busy Korean Bbq & Restaurant / Cafe - Karaoke Next Door
Location: United States -> California -> Southern California - Los Angeles Area -> Los Angeles
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

2 RESTAURANTS FOR SALE! (Can connect to make 1 big restaurant or keep it as individual restaurants.)

1) SUCCESSFUL KOREAN BBQ RESTAURANT FOR SALE! (CAN CONVERT TO ANY TYPE OF RESTAURANT)

HOT LOCATION LOCATION LOCATION! Located on WILSHIRE BLVD. in the heart of Koreatown, Los Angeles.

Asking Price $299,000 (Spent $700k)
Lease Term: 2 Years. (Possible to get 5+5 years)
Size: 3600 Square Feet.
Rent: Approx. $7000.
Monthly Gross: Approx. $50,000-60,000
Inventory included around $150,000 worth.
Beer and Wine license.
3 TELEVISIONS mounted on the walls.
EXCELLENT CONDITION & VERY CLEAN.

$700,000 SPENT IN REMODELING, FIXTURES, & DESIGN. Acclaimed decorating and design.

22 Custom Round stainless steel TABLES with Center GRILL & HOOD--flew in from Korea.
Dining room seats up to 130.
Parking lot in REAR with attendants, security guard and also street parking.
Excellent ratings for food...GREAT YELP REVIEWS.

Includes all kitchen equipment.
6-burner range
Walk-in refrigerator
large range hood
deep fryer
Rice-cooker
teapots- everything you need.

2) Cafe/Restaurant/Bar/Karaoke NEXT DOOR to the BBQ restaurant.

Asking Price $150,000 (Spent $500k)
Established for over 10 years. (Great reviews on yelp. Just changed the business name but can change back.)
Lease Term: 2 Years. (Possible to get 5+5 years)
14 Marble tables with Center Grill & Hoods over the tables.
Seats 70-80 downstairs.
Upstairs: 2 karaoke rooms that fit 14 people.
Has a U-Shaped Bar with 15 bar stools seating.
Size: 2500 Square Feet.
Rent: Approx. $5400.
Beer and Wine license.
Entertainment: Karaoke & 2 karaoke rooms. 3 Televisions mounted on the walls.

$500,000 SPENT IN REMODELING, FIXTURES, & DESIGN. Acclaimed decorating and design.
Good possibility for franchising concept.

Call 323-250-3777 for more information.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $660,000
Cash Flow:   $500,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $150,000
Seller Financing:  No

About The Business

Year Established:  2008
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  Owner can provide training. Very easy to run.
Reason For Selling:  Health problems...can no longer run.

Photos

View Larger Photo(s) Of Business
Busy Korean Bbq & Restaurant / Cafe - Karaoke Next Door Photo 1




Print Listing Id: 700192820
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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