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Norwalk, Los Angeles County, California
Korean Restaurant in Cerritos Area
Asking Price
$150,000
Revenue
$600,000
Down
Call/Email
Cash Flow
$156,000
Description
The 1,700 sqft venue operates with a staff of three employees. Currently, the restaurant enjoys short operating hours from 10 am to 6 pm, remaining closed on Sundays and Mondays. This provides an excellent opportunity for a new owner to extend the operating hours and potentially increase revenue.
The asking price for the restaurant is $200,000, with a monthly rent of $3,500. The lease terms are favorable, offering a 4-year lease with a 5-year extension option. The current owner is selling due to retirement and is ready to transfer the recipe for their popular Korean style sausage to the new proprietor.
Training and support will be provided to ensure a smooth transition. The restaurant's online listing has already generated interest, with 41 page views and 2 messages at the time of posting.
For more information about this opportunity, please contact Joshua Cho at joshuacho1004@gmail.com or call at +17148700300. Don't miss your chance to own a long-standing restaurant with a proven track record and growth potential.
Business Details
Year Established:
1994
Employees:
3
Reason for sale:
Retiring
Property Information
Size in Square Feet:
1,700 sqft
Lease Terms:
4 + 5
Lease & Tenant Information
Lease Options:
$3,500
Posting Information
Posting ID:
7501177
Business Category:
Restaurants & Food
Business Types:
Asian Restaurant
Attributes:
Training And Support
Send NDA Request
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Posting Title
Korean Restaurant in Cerritos Area
Posting ID
#7501177
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NDA Signed Successfully!
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Agent, Broker or Seller Contact
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