LA Koreatown Korean Pub / Pocha for Sale
Opportunity to Expand Daytime Operations · Reasonable Offers Considered

This Korean-style pub and pocha is located in a prime area in the heart of LA Koreatown. The business currently operates as a traditional Korean pub serving soju, beer, makgeolli, and a variety of Korean bar foods, including fried dishes, stir-fried dishes, and spicy appetizers.

The restaurant has a lively and casual atmosphere, making it a comfortable place for friends and coworkers to enjoy drinks and food. A new owner may continue operating the current Korean pub and pocha concept or introduce a new menu, brand, or concept.

Currently Open Only During Evening Hours. Potential to Increase Sales by Adding Breakfast and Lunch Operations

The current business hours are from 6:00 p.m. to midnight, and the restaurant operates only during the evening. The morning and lunch hours are currently unused, creating significant potential for a new owner to expand operations and increase revenue by opening during the daytime.

Because the business is located in the heart of LA Koreatown, it may benefit from steady customer traffic from nearby office workers, residents, visitors, and customers dining at surrounding restaurants. By adding coffee, boba drinks, simple desserts, brunch, Korean snack foods, light meals, or takeout items during the morning and lunch hours, a new owner may be able to create an additional source of revenue beyond the existing evening sales.

Since the premises are currently unused for a substantial portion of the day, extending the operating hours may also allow the existing facilities and rent expense to be utilized more efficiently.

The business currently closes at midnight, but the operating hours may potentially be extended until 2:00 a.m., allowing a new owner to attract additional late-night customers.

Good Opportunity for a New Concept

The current Korean pub and pocha concept may be continued after the purchase. However, no POS records, Profit and Loss statements, tax returns, or other official financial documents are available.

Therefore, rather than evaluating the business solely based on the reported sales, this opportunity may be more suitable for a buyer who wants to use the location, existing improvements, seating capacity, and liquor license to launch a new menu or concept.

Potential concepts may include a Korean pocha, pub, izakaya, fusion bar, Korean snack restaurant, boba shop, dessert café, or a combined daytime and evening operation.

Seller Will Consider Reasonable Offers

The seller is motivated to sell and is open to discussing reasonable offers from serious and qualified buyers.

After reviewing the business conditions and potential of the location, buyers are encouraged to visit the premises and submit a good-faith offer. There may be room to negotiate the purchase price and transaction terms.

Basic Information

* Premises Size: Approximately 1,250 sq. ft.
* Seating Capacity: Approximately 55 seats
* Rent: $3,200 per month plus approximately $2,000 CAM
* Annual Rent Increase: 3%
* Lease: Approximately 1 year and 6 months remaining, plus a 3-year option
* New Lease May Be Negotiable
* Monthly Sales: Approximately $23,000 to $24,000
* Delivery Sales: Approximately $4,000 per month
* Takeout Sales: Approximately $5,000 per month
* Employees: One full-time employee at $20 per hour and two part-time employees at $17 per hour
* Owner Involvement: Full-time owner-operated
* Opened: January 2021
* Reason for Sale: Seller would like to take a break
* Transaction Terms: Cash Only
* SBA Financing Is Not Available
* Liquor License Included
* No POS Records, Profit and Loss Statements, or Tax Returns Available

With a desirable location, ample seating, an existing kitchen, and a liquor license, this business may be a good opportunity for a buyer who wants to expand operations into the breakfast, lunch, or late-night hours and create additional revenue.