new popular Korean restaurant

Asking Price$600,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

InventoryNot Disclosed

FF&E$275,000
Included in asking price
listing imageSave

new popular Korean restaurant


Asking Price$600,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

InventoryNot Disclosed

FF&E$275,000
Included in asking price
Business Description
A casual korean restaurant located in north austin. highly desirable area with maximum potential. A combination of traditional and fusion with emphasis on casual. Profitable after 3 months of opening. 90% scratch kitchen, staff operated with owner on duty for support. Open to selling without the business. Great lease, under market rates. DISCRETION IS A MUST AS THIS BUSINESS IS STILL OPERATING
About the Business
Years in Operation
2
Employees
8 (3 Full-time, 5 Part-time)
Facilities & Assets
newly built out, open kitchen concept. 54 seat max with very high carry out sales. Walk in cooler, grease trap, large hood system, newly installed tankless water heater, new True brand refrigeration. High first year sales with second year to projected to increase by 25-50%. Very high online review ratings both on google and yelp. Very desirable conceopt. DISCRETION IS A MUST!!!
Market Outlook / Competition
The korean food scene is still developing in the austin area with very high potential in the korean fusion sector. No other concept similar to this one.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,100
Rent
$8,000.00 per month
Lease Expiration
11/11/2034
About the Sale
Seller Motivation
Getting married and relocating.
Transition Support
,support and training for 2 weeks. Staff runs the restaurant.
Listing Info
ID
2463996
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Business Listed by: keith

Listing ID: 2463996 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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