Busy Korean Bbq & Restaurant / Cafe - Karaoke Next Door

www.GlobalBX.com

Listing ID: 700192820

Listing Title: Busy Korean Bbq & Restaurant / Cafe - Karaoke Next Door

Quick Link: http://www.globalbx.com/listing.asp?bId=192820

Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: United States

State / Province: California

Area Southern California - Los Angeles Area

City: Los Angeles

Asking Price Range: $250K - $500K

Gross Revenues: $660,000

Cash Flow: $500,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2008

Number of Employees: 6 - 9

Business Description:
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.



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