Asking Price: $498,888 Gross Revenue: $1,064,266Cash Flow: $196,746 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
A trendy Chinese Hot Pot restaurant business with Beer & Wine license in Koreantown, Los Angeles is for sale. The 2,880-square-foot, 106-seat restaurant has 3 more years of lease plus two 5-year options with annual net profit of over $200,000. The owner recently acquired Type 41 Beer & Wine license and the liquor sale income was not included in its past financial reports.
All fixtures, equipment, and furniture were built, installed, or purchased within the past two years. The restaurant fixtures including hoods all meet strict hot pot and BBQ requirements from the City of Los Angeles. Current owner is willing to provide all distribution information, recipe, and training to buyers.
No competition in the nearby neighborhoods. The restaurant is right at the Wilshire/Western station served by the Purple Line Metro. 4-hour free subterranean retail parking is a plus in Downtown Los Angeles neighborhood. The restaurant received 4-Star Yelp and Google reviews. The business is qualified for L-1/EB-1C and EB-5 ($500,000 investment in Targeted Employment Area) Visa.
About the Business
Number of Employees:
Building Sq. Ft.:
$7,254.00 Per Month
Two-year old trade fixtures and equipment suitable for hot pot and/or BBQ
No nearby competition. Many clients come from USC and UCLA, even from Northridge and Santa Barbara area.
Growth & Expansion:
Recently acquired Type 41 Beer & Wine license. The liquor sale income was not included in 2018 financial report.
Trendy Hot Pot Restaurant in Koreantown, LA. Also Good for Korean BBQ
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