Profitable Korean Restaurant in Downtown – Price Reduced!
Business Description
PROFITABLE KOREAN RESTAURANT - DOWNTOWN LOS ANGELES
This well-established Korean restaurant presents an exceptional opportunity in Downtown Los Angeles' high-traffic corridor. Operating since 2023, the business has quickly built a strong foundation with $456,000 in annual revenue and impressive cash flow of $168,000.
BUSINESS HIGHLIGHTS:
• Only Korean restaurant in the immediate area, creating unique market position
• Strong customer loyalty from nearby police station, city hall, courthouse, and residential buildings
• Monthly sales averaging $38,000+ with consistent $12,000-$14,000 net profit
• Prime 1,000 sq ft location with excellent visibility and foot traffic
• Fully equipped and move-in ready operation
FINANCIAL PERFORMANCE:
• Annual Revenue: $456,000
• Cash Flow: $168,000 (37% margin)
• Lease: $2,905/month
• Inventory included in sale price
OPERATIONAL ADVANTAGES:
• Complete kitchen setup with all equipment, furniture, and POS system
• Established recipes and operational procedures
• Additional basement storage with expansion potential
• Growing European customer base discovering authentic Korean cuisine
GROWTH OPPORTUNITIES:
• Menu expansion and seasonal specials
• Catering services and delivery platform integration
• Enhanced social media marketing and local partnerships
• Event hosting and community engagement
• Additional seating capacity utilization
OWNER SUPPORT:
• Two-week comprehensive hands-on training
• Complete recipe and technique transfer
• Detailed operational guide covering all aspects
• Ongoing consultation during transition period
The owner is selling due to health reasons, creating a rare opportunity to acquire a profitable, established restaurant with minimal competition and strong growth potential. This turnkey operation is positioned for continued success in one of LA's most dynamic areas.
PRICE REDUCED: Originally $120,000, now $90,000 - exceptional value for an established, profitable restaurant business.
This well-established Korean restaurant presents an exceptional opportunity in Downtown Los Angeles' high-traffic corridor. Operating since 2023, the business has quickly built a strong foundation with $456,000 in annual revenue and impressive cash flow of $168,000.
BUSINESS HIGHLIGHTS:
• Only Korean restaurant in the immediate area, creating unique market position
• Strong customer loyalty from nearby police station, city hall, courthouse, and residential buildings
• Monthly sales averaging $38,000+ with consistent $12,000-$14,000 net profit
• Prime 1,000 sq ft location with excellent visibility and foot traffic
• Fully equipped and move-in ready operation
FINANCIAL PERFORMANCE:
• Annual Revenue: $456,000
• Cash Flow: $168,000 (37% margin)
• Lease: $2,905/month
• Inventory included in sale price
OPERATIONAL ADVANTAGES:
• Complete kitchen setup with all equipment, furniture, and POS system
• Established recipes and operational procedures
• Additional basement storage with expansion potential
• Growing European customer base discovering authentic Korean cuisine
GROWTH OPPORTUNITIES:
• Menu expansion and seasonal specials
• Catering services and delivery platform integration
• Enhanced social media marketing and local partnerships
• Event hosting and community engagement
• Additional seating capacity utilization
OWNER SUPPORT:
• Two-week comprehensive hands-on training
• Complete recipe and technique transfer
• Detailed operational guide covering all aspects
• Ongoing consultation during transition period
The owner is selling due to health reasons, creating a rare opportunity to acquire a profitable, established restaurant with minimal competition and strong growth potential. This turnkey operation is positioned for continued success in one of LA's most dynamic areas.
PRICE REDUCED: Originally $120,000, now $90,000 - exceptional value for an established, profitable restaurant business.
About the Business
- Years in Operation
- 2
- Employees
- 3 (2 Full-time, 1 Part-time)
2 Cooks, 1 Server - Facilities & Assets
- Facilities:
Basement storage space roughly the size of the restaurant, offering expansion potential
Fully furnished and move-in ready interior
Kitchen equipped with oven, refrigerator, prep tables, sinks, hood system, and other necessary equipment
Assets Included:
Recipes and menu rights (2-week training provided)
Tables, chairs, counters, and other customer furniture
POS system and operational software
Selected kitchen utensils and supplies
Lease & Utilities:
Rent: $2,905/month (CAM included)
Lease: 3 years base + 2-year option - Market Outlook / Competition
- +Prime Location: Situated in a high-traffic area with strong visibility
+Unique Offering: Only Korean restaurant nearby, attracting growing European customer base
+Loyal Customers: Regular patrons from police station, city hall, courthouse, and nearby apartments/condos
+Growth Potential: Increasing foot traffic and demand for authentic Korean cuisine
+Competition: Minimal direct competition in Korean cuisine nearby, providing competitive advantage - Opportunities for Growth
- +Menu Expansion: Opportunity to introduce new dishes, beverages, or seasonal specials to attract more customers
+Catering & Delivery: Potential to expand into catering services or third-party delivery platforms for additional revenue
+Additional Seating: Utilize basement or nearby space for more dining capacity or private events
+Marketing Opportunities: Increase social media presence, promotions, and partnerships with local businesses
+Event Hosting: Host cultural or community events to build brand awareness and customer loyalty
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,000
- Rent
- $2,905.00 per month
About the Sale
- Seller Motivation
- Owner is selling due to health reasons
- Transition Support
- +Owner Training: Two-week hands-on training by current owner
+Recipes & Ops: Full transfer of recipes, cooking techniques, and procedures
+Operational Guide: Covers daily operations, staff management, inventory, and customer service
+Ongoing Support: Owner available for questions during transition
Listing Info
- ID
- 2435978
- Listing Views
- 767
Listing ID: 2435978 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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