Share This Posting from BizBen.com
Share this listing with a friend, colleague, or interested buyer!
West Covina, Los Angeles County, California
MONTH NET $15K, FRANCHISE TO GO KOREAN KITCHEN in WEST COVINA
Asking Price
$239,000
Revenue
$696,000
Down
$100,000
Cash Flow
$180,000
Description
This business is operated by Joey Kim, along with the assistance of 4 part-time employees. According to the seller's disclosure, the restaurant boasts an average monthly sales figure of $58,000, and a healthy net income of $15,000. The asking price for this profitable venture stands at $239,000. This does not include the approximate inventory worth $8,000.
As part of the vibrant and diverse culinary scene of Los Angeles, this restaurant presents a golden opportunity for those interested in stepping into the restaurant industry. Furthermore, the business comes with the added benefit of being SBA Loan Pre-Qualified and the possibility of financial assistance.
If this opportunity piques your interest, please contact broker Joey Kim at 213 255 1478 for more detailed information and to discuss further.
Business Details
Year Established:
2023
Employees:
4
Reason for sale:
Looking big business
Support & Training:
2 weeks training after closing of escrow. Franchisor support
Property Information
Size in Square Feet:
680 sqft
Lease Terms:
7 years
Lease & Tenant Information
Lease Options:
$7,300
Posting Information
Posting ID:
9084339
Business Category:
Restaurants & Food
Business Types:
Korean Restaurant
Attributes:
Existing Franchise
Financial Assistance
License (Liquor, etc.)
SBA Loan Pre-Qualified
Training And Support
Send NDA Request
Please complete the form below to request the NDA for this listing. The broker will review your request and send the NDA for you to sign.
Posting Title
MONTH NET $15K, FRANCHISE TO GO KOREAN KITCHEN in WEST COVINA
Posting ID
#9084339
Full Name (Required)
Email (Required)
Phone (Required)
NDA Signed Successfully!
Your NDA has been signed and submitted. The broker will review and countersign it. Once complete, you will receive access to confidential business details.
Agent, Broker or Seller Contact
Recommended Businesses
Los Angeles County, California
Well-Known Korean BBQ Restaurant | Loyal Customer Base | Growth Potential
$ 230,000
CF : $ 100,000
This long-established, authentic Korean BBQ restaurant has built a strong reputation over many years, supported by a loyal and consistent customer base. Known for its genuine flavors and inviting atmosphere, the business offers a traditional dining experience that continues to attract both regular patrons and new guests seeking high-quality Korean cuisine. The restaurant is currently open for dinner service only, presenting a clear opportunity for a new owner to expand operating hours and increase revenue. It holds a Beer & Wine license, which provides additional income potential and enhances the overall dining experience. A key asset of the business is its extensive infrastructure, including 10 built-in table hoods—an installation that represents a significant capital investment and a major barrier to entry for competitors. This setup allows for a fully immersive Korean BBQ experience and supports a wide, flexible menu that appeals to a broad range of customers. The space is thoughtfully designed to reflect an authentic ambiance, contributing to its strong identity and customer appeal. Additionally, there is a private dining room equipped with its own hooded table, ideal for group gatherings, special occasions, or premium dining experiences. The business is currently operated by a part-time owner, offering substantial upside for a more hands-on operator to further develop and grow the operation. Office ID 5693 RK
Rowland Heights, California
Korean BBQ Restaurant
$ 1,150,000
On offer is a well-established Korean BBQ restaurant, located in a bustling area of Rowland Heights, Los Angeles, California. This business is positioned on the busy Colima Rd. within a major shopping center, ensuring high traffic and visibility. The restaurant, spanning approximately 3,000 square feet, has been operating for 15 years, building a reputation for quality barbeque. The business comes fully equipped, including a hard liquor license (#47), making it a complete turnkey operation. It is also e2 visa eligible, and the current owner will provide training and support to ensure a smooth transition. The reason for sale is due to a pressing family matter, necessitating a quick sale. The restaurant operates with a team of 11 employees and has an asking price of $1,150,000. It generates a revenue of $1,640,000, providing a promising investment opportunity in the restaurant and food business sector. The lease agreement offers 3 years plus an option to extend, providing further operational stability. The monthly rent stands at $13,761. This is a compelling opportunity to acquire a successful Korean BBQ restaurant in a prime location. For more details, please contact Broker Roy Chin at +17143975588 or roychin@newstarrealty.com.
Norwalk, California
Korean Restaurant in Cerritos Area
$ 150,000
CF : $ 156,000
Available for purchase is a well-established Korean restaurant in the Cerritos area of Los Angeles County, California. This Asian restaurant, located in Norwalk, has been serving the community since 1994, boasting over 30 years under the current owner. The restaurant's loyal customer base and strong word-of-mouth have contributed to its success, with a revenue of $600,000 and a cash flow of $156,000. 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.
West Covina, California
Seafood Fish And Chips - Established Since 1940s
$ 200,000
CF : $ 120,000
This place is always the bomb and a hidden gem in West Covina and their shrimp is to die for and the ambience is mellow. If you are out there partying or on the go and want some good food for a quick snack, this is the right place and the restaurant is terrific, little hole in the wall and fantastic old-school fish and chips are to die for. Don't judge this place by the outside and the inside is filled with great food.
Norwalk, California
Sul Lung Tang and Korean Food_Cerritos/Norwalk
$ 150,000
CF : $ 150,000
Asset Sale 1,400SF with huge parking lots 48 seats Rent $3,800 included CAM charge and Water No ABC license Norwalk city close to Cerritos area Buyer to be an experienced Korean food Text to listing agent KC Nam (714-323-8080)
Gardena, California
Korean Restaurant
$ 139,000
This Korean restaurant, located in the heart of Gardena, California, is on the market for a new owner. With a solid reputation and fame within the local community, it currently generates sales of approximately $43,000 per month, even while being closed on Sundays. The restaurant is housed in a 1,600+ sqft space, with a monthly rent of $4,250, inclusive of NNN. The business is licensed to serve beer and wine, adding another revenue stream beyond its food service. The restaurant's menu, renowned for its authentic Korean fare, has the potential to be diversified by a new owner. The buyer has the option to introduce Mexican or Vietnamese cuisine, enhancing its appeal to a wider customer base. This represents an excellent opportunity for a buyer with industry experience to take over a well-established restaurant in Los Angeles County, and leverage its existing reputation to drive growth. Please contact the broker, Cheong Won, for more details.
Los Angeles, California
Korean Tofu Restaurant
$ 298,000
Available for acquisition is a well-established Korean Tofu restaurant located in a busy shopping center in Los Angeles, California. This restaurant boasts an average monthly sale of approximately $90,000, contributing to an annual revenue of $1,080,000. The rent for the location is favorable, coming in at $7,650 per month, inclusive of NNN charges. Operating this restaurant is a breeze, making it an excellent opportunity for those seeking an easily manageable business. Additionally, the restaurant comes with the advantage of being prequalified for an SBA loan. Training and support will be provided, ensuring a smooth transition for the new owner. This business has attracted a significant number of page views, indicating strong interest from potential buyers. The asking price for this Korean Tofu restaurant is $295,000 with a down payment of $100,000. For more information about this promising business opportunity, please contact the broker.
Recommended Brokers
ProInter
Jack Oh
Power Realty & Investments
Business broker and real estate services in the Los Angeles and Orange County areas. 10 years experience with great negotiating skills. To sell a business or buy a business in the LA or Orange County Areas phone Jack and his team at 562-787-4989 Cell / Text.
Southern California
ProInter
Joanne Weber
Ryan Craig Company - Preschool Specialist
The Ryan Craig Company is in its 46th year as the recognized expert in Southern California, dealing exclusively in the sale of preschools, Montessori schools, day care centers, and private schools. Our extensive list of references speaks for itself. Recent sales include facilities in 6 Southern California counties, ranging in price from 100,000 to over 5,000,000. Now, in response to a strong...
Southern California
ProInter
George Lanza
Plethora Businesses
Plethora Businesses, a division of A Premier In Services, Inc., is a Business Intermediary Consulting Firm headquartered in Orange, California. Plethora specializes in the listing and sale of small and medium sized private businesses. Although the listing core of Plethora is in Southern California, Plethora represents clients throughout the world seeking Business and Merger & Acquisition...
Southern California
ProInter
Ryan Clark
The Veld Group
The Veld Group provides a refreshing approach to Business Brokerage, Mergers & Acquisitions and Business Consulting and Valuations. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups, as our team is comprised of former Small Business Owners, M&A Specialists, Investment Bankers, and Consultants.
Southern California
ProInter
Ran Kim
VR Business Brokers
Since 1982, we have been helping buyers and sellers of small businesses achieve their goals. With over 25 experienced associates who speak more than a dozen languages, we are proud to serve California’s diverse business community. Our office is centrally located at the crossroads of Los Angeles and Orange Counties, with convenient access to Riverside and San Bernardino Counties as well. We are...
Southern California
ProInter
Rick Carlson
ProNova Partners
You Will Never Feel Lost In The Shuffle. Many Brokers Simply Send Out An NDA And That's The End Of Communication. All Buyers Receive A Personal Meeting With An Ace Acquisition Specialist So They Can Recommend The Perfect Business For You. The Ace Organization Makes Sure That All Buyers And Sellers Feel Like They Are Part Of The Ace Family And Truly Taken Care Of Throughout The Acquisition...
Nationwide, USA
ProInter
Matt Manavi
Transworld Business Advisors of Orange
Transworld Business Advisors is a world leader in the marketing and sale of businesses, franchises, and commercial real estate. Transworld offers professional services that brings buyers and sellers together whether you represent an acquisition minded corporation or are personally interested in owning your own company. Services Offered Sell and Buy any business type; Corporate M&A;...
California
ProInter
Lee Petsas
UBI Business Brokers
Lee Petsas has been selling businesses with UBI Business Brokers in Southern CA since 1981. In 1999 he became the Owner and Broker for UBI. He has been approved multiple times by Courts as an Expert Witness in the area of Business Valuations. You can reach Lee direct at 714-363-0440. UBI Business Brokers has been successfully selling businesses in Southern California since 1965. Our Agents...
Southern California
ProInter
Harry Sidhu
Mission Peak Brokers, Inc.
Harry Sidhu is a dream maker. By making his own dreams come true as one of the most successful business and commercial real estate brokers in the Bay Area, Harry understands how important it is to have a dream, work hard to see it come true. Harry named his brokerage Mission Peak to honor the incredible beauty of this Bay Area treasure but to also symbolize the deep fulfillment of pursuing your...
SF North Bay Area, SAC Area, Central Valley
ProInter
Ryan Rienhart
ProInter
Julieanna Wakileh
Liberty Business Advisors of San Francisco Inc. - Preschool Center Specialist
I have 30 years of experience, working, founding, owning, operating, consulting, and selling preschools. I'm very knowledgeable with procedures that are required for selling preschools. My practice, knowledge and education in both the Early Childhood Development field and the Real Estate field, puts me ahead in understanding the complexities and care that are needed for the sale of preschool...
SF Bay Area, North Bay, Sacramento
ProInter
Terry Watts, MBA, CEPA, CM&AP
Murphy Business Sales
Murphy Business Sales | Exit Factor: Strategic M&A and Value Acceleration We provide a sophisticated, two-pillar approach to the sale and transition of privately held companies. By integrating the high-impact value-growth methodology of Exit Factor with the institutional-grade execution of Murphy Business Sales, we ensure our clients achieve maximum enterprise value and a protected...
ProInter
Bashir Tariq
Century 21 Masters | Commercial Division
Business Sales and Commercial Real Estate All types of Business Sales, Purchases and Commercial Properties • Car Washes, Gas Stations, • Automotive Service Centers & Car Lots • Fast Food, Restaurants and Franchises • Liquor Stores & Convenience Markets • All types of Business Sales • Service-Tech Based Businesses • Retail Shopping Centers, Investment Properties • Multi-Family Properties &...
Califonia, Nevada
ProInter
Mani Singh
TNW Business Brokers
Specializing in practice limited to sales and acquisition of businesses solely, I have 20+ years of Buyer and Seller representation and negotiation experience and have successfully assisted clients sell and acquire a multitude of businesses - including Gas Stations, Liquor Stores, Markets, Super Markets, Franchised and Independent Restaurants, Bars, Retail and Service Related, Dry Cleaners,...
California
ProInter
Steve Zimmerman
Restaurant Realty Company
Steve founded Restaurant Realty in 1996. He has personally sold/leased over 1000 restaurants, bars & clubs, & completed over 3000 valuations. He is the author of "Restaurant Dealmaker - An Insider's Trade Secrets For Buying a Restaurant, Bar or Club" available on Amazon and he has written over 100 articles which can be found in the News Section of RRC’s website under Restaurant Rap. Prior to...
California
ProInter
Ralph Santos
Healthcare Biz Brokers
I specialize in Los Angeles County Area healthcare sales such as skilled home health agencies, hospice agencies, residential care facilities for the elderly, medical practices and more. When you are looking at creating a legal and binding business purchase or sale, you need to be extremely careful. There are literally tons of questions that you need to pose to both your agent and to the other...
Los Angeles, Ventura Counties
ProInter
Matt Weiler
California Business Broker
Business Broker Specializing in primarily gas stations. Geographic area of focus: San Francisco Bay Area and Northern California — from Sacramento County to Monterey County.To sell or buy a small or large gas station sales, car washes, liquor stores, convenience stores, laundromats, dry cleaners, and small-to-mid-sized business transactions. Call Matt (gas station business broker specialist)...
San Francisco Bay Area, North Bay, San Francisco Bay Area and Northern California — from Sacramento County to Monterey County.
ProInter
Dustin Sigall
SD Business Advisors
With over 800 businesses sold nationwide since 2007, SD Business Advisors is the largest and most experienced group of Business Advisors in Southern California. We specialize in selling companies across all industries. From main street to middle-market M&A transactions. We match qualified buyers with quality businesses while maintaining strict confidentiality. SD Business Advisors is a member...
San Diego, Orange County Areas, Inland Empire
ProInter
Brett Sargent
Sunbelt Business Brokers of Sacramento
Sunbelt of Sacramento, California is the exclusive franchisee representative of Sunbelt Business Brokerage for the Northern California territory. Headquartered out of the Sacramento region, Sunbelt of Sacramento covers multiple counties in Northern California, representing both Sellers and Buyers in Main Street as well as Mid-Market business transactions. Sunbelt of Sacramento provides full...
Sacramento, Placer, Yolo El Dorado Counties
View More