Downtown Pittsburgh Korean & Sushi – Absentee, Ghost Kitchen Ready
Business Description
Profitable Korean Japanese restaurant in Pittsburgh, PA with a 4.8/5 Google rating from 365+ verified reviews, operating under fully absentee ownership. The owner is based out of state and manages the business remotely – a true manager-run operation, ready for seamless transition to a new owner.
FINANCIAL HIGHLIGHTS
Gross Revenue: $445,000+ annualized (Jan–May 2026 net sales)
Adjusted SDE: $81,146
Asking Price: $249,000
Food Cost: 24.6% (well below typical 28–35% industry range)
May 2026 was the best revenue month in business history.
Delivery platform fees confirmed at 14% of sales from actual platform statements.
WHAT MAKES THIS DEAL DIFFERENT
- Below market lease: approx. $4,200/month all-in for TWO floors. Comparable downtown space is typically $6,000–$7,000/month. Four years remaining on lease – this is the single greatest structural advantage in the deal.
- Toast Capital loan fully paid off – buyer receives 100% of daily card settlements from day one, with no loan drag on cash flow.
- Distributor balance (~$13,000) will be cleared by seller at closing – buyer inherits clean vendor relationships with zero outstanding trade debt.
- Third floor contains a fully equipped ghost kitchen currently generating modest daily revenue through a Korean fried chicken concept with zero marketing. All equipment is included in the asking price. This is a clear growth lever – a focused virtual brand launch targeting $200–$400/day in additional sales within 6–12 months is realistic with no additional buildout cost.
GROWTH OPPORTUNITIES
- Reduce delivery platform dependency (currently ~42% of sales via third party). Shifting just 10% of sales to direct ordering is projected to save roughly $500–$700/month directly to NOI. Delivery mix is already improving – platform fees dropped to $3,199 in May (record revenue month) vs. $5,009/month Jan–Apr average, indicating growing dine-in and direct takeout conversion.
- Fully activate the 3rd floor ghost kitchen for additional virtual brands and/or catering – equipment is in place, no additional investment required.
- Hotel key card partnership in development – QR code referral channel targeting nearby hotel guests at essentially no added marketing cost.
- USPAACC minority business certification in place – opens institutional catering and vendor diversity opportunities with CMU, Pitt, Duquesne, Point Park, and corporate partners.
OPERATIONS
Experienced on-site manager handles all daily operations, including scheduling, ordering, and staff management. Core kitchen crew is long tenured and expected to remain post sale. The business has been successfully operated with the owner living out of state, demonstrating that systems and staffing are already in place. Seller will provide up to 30 days of transition support if needed.
WHAT’S INCLUDED
All kitchen equipment, furniture, fixtures, smallwares, Toast POS system, inventory at closing, goodwill, and established delivery platform accounts (DoorDash, UberEats, Grubhub) with strong existing ratings, plus the fully equipped 3rd floor ghost kitchen setup.
DOCUMENTATION AVAILABLE
Full financial package available, including Toast net sales reports, actual delivery platform fee statements, PNC bank records, and a detailed SDE/add back schedule. NDA required. Serious inquiries only – contact to request NDA and full financial package.
FINANCIAL HIGHLIGHTS
Gross Revenue: $445,000+ annualized (Jan–May 2026 net sales)
Adjusted SDE: $81,146
Asking Price: $249,000
Food Cost: 24.6% (well below typical 28–35% industry range)
May 2026 was the best revenue month in business history.
Delivery platform fees confirmed at 14% of sales from actual platform statements.
WHAT MAKES THIS DEAL DIFFERENT
- Below market lease: approx. $4,200/month all-in for TWO floors. Comparable downtown space is typically $6,000–$7,000/month. Four years remaining on lease – this is the single greatest structural advantage in the deal.
- Toast Capital loan fully paid off – buyer receives 100% of daily card settlements from day one, with no loan drag on cash flow.
- Distributor balance (~$13,000) will be cleared by seller at closing – buyer inherits clean vendor relationships with zero outstanding trade debt.
- Third floor contains a fully equipped ghost kitchen currently generating modest daily revenue through a Korean fried chicken concept with zero marketing. All equipment is included in the asking price. This is a clear growth lever – a focused virtual brand launch targeting $200–$400/day in additional sales within 6–12 months is realistic with no additional buildout cost.
GROWTH OPPORTUNITIES
- Reduce delivery platform dependency (currently ~42% of sales via third party). Shifting just 10% of sales to direct ordering is projected to save roughly $500–$700/month directly to NOI. Delivery mix is already improving – platform fees dropped to $3,199 in May (record revenue month) vs. $5,009/month Jan–Apr average, indicating growing dine-in and direct takeout conversion.
- Fully activate the 3rd floor ghost kitchen for additional virtual brands and/or catering – equipment is in place, no additional investment required.
- Hotel key card partnership in development – QR code referral channel targeting nearby hotel guests at essentially no added marketing cost.
- USPAACC minority business certification in place – opens institutional catering and vendor diversity opportunities with CMU, Pitt, Duquesne, Point Park, and corporate partners.
OPERATIONS
Experienced on-site manager handles all daily operations, including scheduling, ordering, and staff management. Core kitchen crew is long tenured and expected to remain post sale. The business has been successfully operated with the owner living out of state, demonstrating that systems and staffing are already in place. Seller will provide up to 30 days of transition support if needed.
WHAT’S INCLUDED
All kitchen equipment, furniture, fixtures, smallwares, Toast POS system, inventory at closing, goodwill, and established delivery platform accounts (DoorDash, UberEats, Grubhub) with strong existing ratings, plus the fully equipped 3rd floor ghost kitchen setup.
DOCUMENTATION AVAILABLE
Full financial package available, including Toast net sales reports, actual delivery platform fee statements, PNC bank records, and a detailed SDE/add back schedule. NDA required. Serious inquiries only – contact to request NDA and full financial package.
About the Business
- Years in Operation
- 6
- Employees
- 6 (4 Full-time, 2 Part-time)
Experienced on-site manager runs daily operations. Core kitchen crew long-tenure - Facilities & Assets
- Two floor commercial space in downtown Pittsburgh. Floor 1: fully equipped kitchen, dining room, Toast POS. Floor 2: fully equipped ghost kitchen, currently active, ideal for virtual brands/catering. All FF&E, smallwares, inventory, and goodwill included. Approx. 4 years left on lease at about $4,200/month all-in for both floors.
- Market Outlook / Competition
- 4.8/5 Google rating from 365+ verified reviews in a market with limited authentic Korean options. Pittsburgh is anchored by CMU, Pitt, Duquesne, and Point Park, creating steady demand for Asian cuisine. Business holds USPAACC minority certification, opening doors with universities and corporations. Established presence on DoorDash, UberEats, and Grubhub with strong order history and ratings.
- Opportunities for Growth
- (1) Fully activate the 3rd floor ghost kitchen for virtual brands or catering; equipment is in place and a fast food concept is already doing about $50/day with no marketing. (2) Reduce delivery platform mix from ~42% to ~30% of sales, which is projected to save $500–700/month in fees and directly increase NOI. (3) Scale hotel keycard QR partnership to drive nearby hotel guests with virtually no added marketing cost. (4) Continue recent dine-in growth trend to further improve margins as more revenue shifts off third party platforms.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,600
- Rent
- $4,200.00 per month
- Lease Expiration
- 4/1/2030
About the Sale
- Seller Motivation
- Owner focusing on other business ventures and investments.
- Transition Support
- Seller will provide up to 30 days of transition support if requested. Experienced on-site manager currently oversees scheduling, ordering, and staff. Current owner operates fully remotely from out of state; handover includes full financials, vendor list, recipes/menu documentation, and transfer of delivery platform accounts at closing.
Listing Info
- ID
- 2504468
- Listing Views
Listing ID: 2504468 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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