Korean small business for sale, great income potential
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Kimbap, curry, ramyun, drinks and bubble tea!
Established Korean Restaurant - Exceptional Growth Potential in Queens
This profitable Korean restaurant represents an outstanding opportunity for an entrepreneur to acquire a well-positioned food service business with significant untapped potential in Queens, NY.
Business Overview:
Operating since 2022, this 600 sq ft Korean restaurant has established itself as a unique dining destination specializing in authentic Korean cuisine. The menu features popular items including kimbap (rice rolls), curry, ramyun, refreshing drinks, and trendy bubble tea, catering to diverse customer preferences.
Financial Highlights:
- Annual Revenue: $180,000
- Seller's Discretionary Earnings: $66,000
- Strong 37% profit margin demonstrates efficient operations
- Monthly Lease: $2,942 with lease secured through October 2032
Competitive Advantages:
The restaurant enjoys a distinctive market position as the exclusive provider in the area offering the complete combination of kimbap, ramen, healthy dining options, curry, and bubble tea. This comprehensive Korean food and beverage offering creates a strong competitive moat and attracts a loyal customer base seeking authentic flavors.
Significant Growth Opportunities:
The business presents exceptional expansion potential with minimal effort required:
- Zero current marketing initiatives - immediate opportunity for revenue growth
- No delivery service presence - untapped market segment
- Established customer base ready for enhanced service offerings
- Prime location with long-term lease security (8+ years remaining)
Operational Benefits:
- Streamlined, easy-to-manage operations
- Proven business model with consistent revenue
- Comprehensive seller support and training included
- Turn-key operation ready for immediate ownership transition
The current owners are selling due to personal bandwidth constraints from new family obligations and full-time employment, not business performance issues. This creates an ideal opportunity for a dedicated operator to maximize the restaurant's considerable potential.
Asking Price: $160,000
This acquisition offers the perfect combination of established profitability and substantial growth runway in Queens' thriving food service market.
This profitable Korean restaurant represents an outstanding opportunity for an entrepreneur to acquire a well-positioned food service business with significant untapped potential in Queens, NY.
Business Overview:
Operating since 2022, this 600 sq ft Korean restaurant has established itself as a unique dining destination specializing in authentic Korean cuisine. The menu features popular items including kimbap (rice rolls), curry, ramyun, refreshing drinks, and trendy bubble tea, catering to diverse customer preferences.
Financial Highlights:
- Annual Revenue: $180,000
- Seller's Discretionary Earnings: $66,000
- Strong 37% profit margin demonstrates efficient operations
- Monthly Lease: $2,942 with lease secured through October 2032
Competitive Advantages:
The restaurant enjoys a distinctive market position as the exclusive provider in the area offering the complete combination of kimbap, ramen, healthy dining options, curry, and bubble tea. This comprehensive Korean food and beverage offering creates a strong competitive moat and attracts a loyal customer base seeking authentic flavors.
Significant Growth Opportunities:
The business presents exceptional expansion potential with minimal effort required:
- Zero current marketing initiatives - immediate opportunity for revenue growth
- No delivery service presence - untapped market segment
- Established customer base ready for enhanced service offerings
- Prime location with long-term lease security (8+ years remaining)
Operational Benefits:
- Streamlined, easy-to-manage operations
- Proven business model with consistent revenue
- Comprehensive seller support and training included
- Turn-key operation ready for immediate ownership transition
The current owners are selling due to personal bandwidth constraints from new family obligations and full-time employment, not business performance issues. This creates an ideal opportunity for a dedicated operator to maximize the restaurant's considerable potential.
Asking Price: $160,000
This acquisition offers the perfect combination of established profitability and substantial growth runway in Queens' thriving food service market.
About the Business
- Years in Operation
- 4
- Employees
- 1 Full-time
All we need is 1 employee and a owner. - Facilities & Assets
- Kitchen and storefront available with equipment that is used for our offerings. Not a full kitchen.
- Market Outlook / Competition
- In our location we are the only one offering kimbap, ramen, healthy options, curry and bubble tea altogether.
- Opportunities for Growth
- High opportunity for growth as we did the bare minimum and did not market at all. Our offerings are also not available on delivery services so once on there sales can definitely go up.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 600
- Rent
- $2,942 per month
- Lease Expiration
- 10/31/2032
About the Sale
- Seller Motivation
- Not enough bandwidth. New child and full time jobs.
- Transition Support
- We can offer support and training until the client is fully versed with everything.
- Financing Options
- None
Listing Info
- ID
- 2543767
- Listing Views
Listing ID: 2543767 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.
Businesses for SaleNew York Businesses for SaleNew York Food & Beverage Businesses for SaleNew York Korean Restaurant Businesses for Sale
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