Korean Restaurant Chain, with an Established Brand

Not Disclosed, CA
Santa Clara County


Asking Price: Annual Revenue:
$430,000 $3,156,895

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Korean Restaurant Chain, with an Established Brand Broker: Michael Floorman
License #: 01160661

Quick Facts

Asking Price: $430,000
Annual Revenue: $3,156,895
Net Profit: $355,706
Cash Flow: $355,706
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: 9
BBN Listing #: 4992931
Broker Reference #: 10209

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Business Overview:

Price includes 3 Restaurants with a Popular BRAND, the original one started in Downtown San Jose and others are in San Francisco & Santa Cruz. This is a proven successful Korean food concept with amazing upside potential.

Revenues have been growing since its inception. Although in 4 years it grew into 4 locations, the pressure of growing pain forced the owner to sell the Peninsula location last year and now the Santa Cruz location is being offered for sale at a discounted price, mostly due to challenges of long-distance delivery of food to other locations as the Santa Cruz Store is also their Commissary Kitchen. 2 delivery Vans and $25,000 of inventory included. 10209

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Property Features and Assets:

Current lease expires 8/1/2020, Rent $3,714 + $861 NNN, 3714 square feet, Hours Sunday thru Wednesday 10:30 am to 11 pm, Thursday 10:30 am to 12 am, Friday and Saturday 10:30 am to 2:30 am

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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