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Minnehaha County, South Dakota
Asking Price
$275,000
Revenue
Call/Email
Down
$10,000
Cash Flow
Call/Email
Name: Xavier Jackson
Name
Xavier Jackson
Year Established:
2015
Employees:
26
FE&E:
$270,000
Reason for sale:
Pursuing other opportunities more experienced with
Lease Expiration:
02/01/2030
Lease Options:
$11,200
Listing Number:
87671-285930
Sales:
$2,209,853
Seller's Discretionary Earnings:
$63,175
Inventory:
$18,000
Posting ID:
tw:90128
Business Category:
Restaurants
Keywords:
Transworld
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Headline: 🔥 [CASH ONLY] Norwalk Korean Kitchen – Owner Health Forces Emergency Sale! Asking $79,000 (100% Cash Buyers Only) 🔥 Body: An extraordinary turnkey business opportunity in a prime, high-traffic location of Norwalk! Due to the owner's sudden health issues, On + On Fresh Korean Kitchen is priced aggressively at $79,000 for an immediate, all-cash transaction. This is a strict asset and turnkey sale priced far below its actual build-out value. No financing contingencies will be accepted. The Financial Reality & Cash Terms: Strictly Cash Deal: This is a 100% Cash-Only transaction for a fast escrow closing. No SBA or bank loan contingencies. Solid Valuation: The asking price is firmly backed by the business's strong, verified financials and tax return data from the previous year. Long-Term Lease: 9.5 Years remaining on the lease! (Incredibly rare long-term security with zero landlord risk for your cash investment). Fixed Overhead: Reasonable monthly rent at $5,800 (Including CAM) for a fully built-out 1,500 sq. ft. commercial space. The Upside Potential: The full commercial kitchen infrastructure, hood system (perfect for K-BBQ, Teriyaki, or Hot Pot), and loyal client base are 100% intact. While recent sales show a temporary dip due strictly to the owner's health, an energetic new owner-operator can immediately leverage the 9.5-year lease to revitalize daily operations and restore the business to its peak performance. The seller is highly motivated for a clean, hassle-free closing. Only serious, qualified cash buyers who can provide immediate Proof of Funds (POF) and move quickly will be considered. Contact: Joey Kim Owner / Broker / President | Realty Star Investment & Development 📞 213-255-1478 📧 bestjoeykim@gmail.com

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