Trendy Hot Pot Restaurant in Koreantown, LA. Also Good for Korean BBQ

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Great Profitable Business to Take Over and Continue Running
Asking Price:
$498,888

Gross Revenue:
$1,064,266
Cash Flow:
$196,746
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

A trendy Chinese Hot Pot restaurant business with Beer & Wine license in Koreantown, Los Angeles is for sale. The 2,880-square-foot, 106-seat restaurant has 3 more years of lease plus two 5-year options with annual net profit of over $200,000. The owner recently acquired Type 41 Beer & Wine license and the liquor sale income was not included in its past financial reports.

All fixtures, equipment, and furniture were built, installed, or purchased within the past two years. The restaurant fixtures including hoods all meet strict hot pot and BBQ requirements from the City of Los Angeles. Current owner is willing to provide all distribution information, recipe, and training to buyers.

No competition in the nearby neighborhoods. The restaurant is right at the Wilshire/Western station served by the Purple Line Metro. 4-hour free subterranean retail parking is a plus in Downtown Los Angeles neighborhood. The restaurant received 4-Star Yelp and Google reviews. The business is qualified for L-1/EB-1C and EB-5 ($500,000 investment in Targeted Employment Area) Visa.

About the Business

Year Established:
2017
Number of Employees:
13
Real Estate:
Leased
Building Sq. Ft.:
2,880
Rent:
$7,254.00 Per Month
Lease Expiration:
3/31/2022
Facilities:
Two-year old trade fixtures and equipment suitable for hot pot
and/or BBQ
Market Outlook/
Competition:
No nearby competition. Many clients come from USC and UCLA, even from Northridge and Santa Barbara area.
Growth & Expansion:
Recently acquired Type 41 Beer & Wine license. The liquor sale income was not included in 2018 financial report.
Contact the Seller

About the Sale

Reason For Selling:
Leave for family business overseas
Training/Support:
Owner will provide training and distribution channel

Listing Info

Keywords:
hot pot, hotpot, barbecue, bbq, los angeles, korean, chineses, korean ktown, restaurant
ID:
1429715
Ad Detail Views:
0

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Business Listed by
Kevin Lin

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