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Utah
Asking Price
$590,000
Revenue
$120,000
Down
Call/Email
Cash Flow
$250,000
Name: Eric Bae
Phone: Show phone number
Name
Eric Bae
Phone
Show phone number
Premises Details:
Business Listing Summary • Type: Korean Restaurant/Cafe/Catering • Location: Salt Lake City, Utah • Asking Price: $850,000 • SBA Loan Available: Only 10% Down ($100,000) • Average Monthly Sales: $120,000 • Annual Net Profit: $250,000 • Business Hours: o 11:00 AM – 9:00 PM o Closed on Wednesdays (Open 6 days a week) • Alcohol License: Yes – Hard Liquor available • Size: About 4,000 sqft • Menu: o Korean Food: 80% o Chinese Food: 20% • Location: In a Class A shopping center • Minimum Wage in Utah: $7.50/hr (low labor cost) • Living Costs in Utah: Relatively low • Safe and favorable environment for running a business ________________________________________ 🔍 Highlights 1. Strong Cash Flow o Monthly revenue of $120K and net profit of $250K/year indicates stable business performance. 2. Low Down Payment Option (SBA Loan) o Only $100K down needed to acquire a business valued at $850K. o SBA loans are backed by the U.S. government and offer lower interest rates and favorable terms. 3. Prime Location + Large Space o The restaurant is located in a high-traffic Class A shopping center. o 4,000 sqft offers room for large dining area or expansion. 4. Alcohol Sales License o Selling hard liquor significantly boosts profit margins. 5. Favorable Business Conditions in Utah o Low minimum wage = lower labor costs.
Posting ID:
4519264
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