PRIME KOREATOWN KOREAN BBQ RESTAURANT - PARTNERSHIP OR ACQUISITION OPPORTUNITY

Established in 2018, this award-winning Korean BBQ restaurant represents a premier dining destination in Manhattan's coveted Koreatown district on 32nd Street. With prestigious accolades including Michelin Bib Gourmand recognition, TripAdvisor recommendations, and OpenTable featured status, this 7,000 square foot establishment has built an exceptional reputation in one of NYC's most competitive culinary markets.

FINANCIAL PERFORMANCE:
- Annual Revenue: $8,500,000
- Cash Flow (SDE): $850,000
- Historical peak revenue of $10,000,000 demonstrates strong market potential
- Asking Price: $2,800,000
- FF&E Value: $5,000,000
- Inventory: $100,000 (included in asking price)

LOCATION ADVANTAGES:
- Prime 32nd Street Koreatown location with exceptional foot traffic
- 7,000 square feet of restaurant space
- Lease rate: $65,000 per month
- Long-term lease security through December 1, 2036

BUSINESS HIGHLIGHTS:
- Multiple prestigious awards including Michelin Bib Gourmand recognition
- Established customer base with strong brand recognition
- Revenue recovery opportunity from $8.5M to historical $10M+ levels
- Comprehensive kitchen equipment and dining room setup valued at $5M

OWNERSHIP OPPORTUNITY:
Current absentee owner seeks either full acquisition or operating partnership due to multiple business interests requiring attention elsewhere. Owner offers unique transition support including 12-month training period and willingness to remain as minority partner, prioritizing operational expertise over additional capital investment.

FINANCING OPTIONS:
- Seller financing available
- Owner flexible on partnership structure versus outright sale

IDEAL BUYER PROFILE:
Seeking experienced restaurant operator with Korean cuisine expertise who can restore revenue to historical peak performance levels. This represents an exceptional opportunity to acquire a established, award-winning restaurant with proven market position and significant upside potential under dedicated management.

Revenue decline attributed to increased competition from newly renovated Korean restaurants in the area, creating opportunity for focused operator to recapture market share.