High-Traffic Korean BBQ Restaurant | New Gangnam IV
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EXECUTIVE SUMMARY
New Gangnam IV presents a turnkey Korean BBQ restaurant opportunity strategically positioned on Aurora Avenue North/Highway 99, a premier commercial corridor connecting North Seattle, Shoreline, Edmonds, and Snohomish County. This established operation occupies 4,598 square feet of prime commercial space with exceptional visibility and traffic exposure.
LOCATION & MARKET POSITION
The restaurant benefits from a high-traffic location on one of North King County's most recognized food service corridors. The surrounding market features dense residential communities, expanding multifamily developments, and established retail centers supporting a diverse demographic base with strong restaurant patronage patterns. Daily traffic counts and prominent street frontage provide consistent customer exposure throughout operating hours.
FACILITY SPECIFICATIONS
The dining area accommodates 98 guests across strategically configured seating arrangements: eight 4-person tables and eleven 6-person tables, with approved maximum occupancy of 121 persons. This capacity supports high-volume service, group dining events, and family gatherings while maintaining operational efficiency.
The facility includes substantial kitchen infrastructure: 12-foot Type I commercial hood system, walk-in cooler, walk-in freezer, and fully equipped commercial kitchen. These improvements represent significant capital investment and provide immediate operational capability for incoming ownership.
FINANCIAL STRUCTURE
Current lease terms establish monthly rent at approximately $15,000 including NNN charges, with water and sewer utilities included. This structure provides predictable occupancy costs and operational overhead for financial planning purposes.
OPERATIONAL ADVANTAGES
The location has demonstrated market acceptance through established customer base development and repeat patronage patterns. Aurora Avenue's position as a recognized dining destination supports customer acquisition from Shoreline, North Seattle, Lynnwood, Mountlake Terrace, and regional communities.
TARGET ACQUISITION PROFILE
This opportunity suits experienced restaurant operators, owner-operators, or regional brands seeking North Seattle market entry or expansion. The facility accommodates Korean BBQ, hot pot, Asian cuisine, buffet concepts, or grill house operations subject to landlord approval.
The turnkey nature of this opportunity provides immediate operational capability while the established location offers proven market viability for qualified restaurant operators.
New Gangnam IV presents a turnkey Korean BBQ restaurant opportunity strategically positioned on Aurora Avenue North/Highway 99, a premier commercial corridor connecting North Seattle, Shoreline, Edmonds, and Snohomish County. This established operation occupies 4,598 square feet of prime commercial space with exceptional visibility and traffic exposure.
LOCATION & MARKET POSITION
The restaurant benefits from a high-traffic location on one of North King County's most recognized food service corridors. The surrounding market features dense residential communities, expanding multifamily developments, and established retail centers supporting a diverse demographic base with strong restaurant patronage patterns. Daily traffic counts and prominent street frontage provide consistent customer exposure throughout operating hours.
FACILITY SPECIFICATIONS
The dining area accommodates 98 guests across strategically configured seating arrangements: eight 4-person tables and eleven 6-person tables, with approved maximum occupancy of 121 persons. This capacity supports high-volume service, group dining events, and family gatherings while maintaining operational efficiency.
The facility includes substantial kitchen infrastructure: 12-foot Type I commercial hood system, walk-in cooler, walk-in freezer, and fully equipped commercial kitchen. These improvements represent significant capital investment and provide immediate operational capability for incoming ownership.
FINANCIAL STRUCTURE
Current lease terms establish monthly rent at approximately $15,000 including NNN charges, with water and sewer utilities included. This structure provides predictable occupancy costs and operational overhead for financial planning purposes.
OPERATIONAL ADVANTAGES
The location has demonstrated market acceptance through established customer base development and repeat patronage patterns. Aurora Avenue's position as a recognized dining destination supports customer acquisition from Shoreline, North Seattle, Lynnwood, Mountlake Terrace, and regional communities.
TARGET ACQUISITION PROFILE
This opportunity suits experienced restaurant operators, owner-operators, or regional brands seeking North Seattle market entry or expansion. The facility accommodates Korean BBQ, hot pot, Asian cuisine, buffet concepts, or grill house operations subject to landlord approval.
The turnkey nature of this opportunity provides immediate operational capability while the established location offers proven market viability for qualified restaurant operators.
About the Business
- Years in Operation
- 3
- Employees
- 10 (5 Full-time, 5 Part-time)
- Franchise
- This business is an established New Gangnam franchise
- Website
- https://www.yelp.com/biz/new-gangnam-bbq-iv-shoreline-2
- Market Outlook / Competition
- One of the most famous Korean BBQ in Great Seattle Area
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 4,598
- Rent
- $15,000.00 per month
About the Sale
- Seller Motivation
- Ownership is transitioning due to retirement planning after years of operation
- Transition Support
- Owner provide training
Listing Info
- ID
- 2498552
- Listing Views
- 73
Attached DocumentsAttachment Disclaimer
New Gangnam IV for sale_compressed.pdf
Business Location
Listing ID: 2498552 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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