Growing Korean Restaurant Chain, Price Reduced!

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Business Team Office Nearest You

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Call Us:

Boise: (208) 906-0237
Brea: (714) 987-6147
Eugene: 541-251-7700
Fresno: (800) 622-0192
Irvine: (213) 737-4932
Los Angeles: (213) 737-4932
Monterey: (831) 372-5888
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Santa Rosa: (707) 584-6248
Seattle: 425-957-6180
Spokane: 509.443.4337
Stockton: (800) 622-0192

Category:
10217 - Food and Beverage

Location:
Northern California - San Francisco

Growing Korean Restaurant Chain, Price Reduced!

Business Description:

This is a proven successful Korean food concept with amazing upside potential. Revenues have been growing since its inception 5 years ago. Although, in 4 years it grew to 4 locations, pressure of growing pain forced owner to sell the Peninsula location last year. The San Francisco is for sale now at a discounted price alone or with the other two locations in Santa Cruz and San Jose as one package, also at a discounted price.


Asking Price: $45,000


Real Property Available:
No

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Recast Earnings (Not Verified by Business Team)

12 Months Ended

December 31,2019

$3,156,895
(Sales)

$355,706
(Adjusted Cash Flow)

12 Months Ended

12/31/2018

$2,783,620
(Sales)

$164,074
(Adjusted Cash Flow)

12 Months Ended

12/31/2017

$1,064,880
(Sales)

$209,324
(Adjusted Cash Flow)

12 Months Ended

12/31/2016

$791,792
(Sales)

($13,728)
(Adjusted Cash Flow)

Operations

# of Employees Full Time Part Time
Non-Owners 0 0
Owners 0 0

Hours of Operation
Sun - Wed 10:30am to 11pm. Thur 10:30 to 12am. Fri & Sat 10:30am to 2:30am

Licenses Required:

  • business
  • Health
  • Resale
  • Safe Serve
  • ABC

Lease

Monthly Rent Including NNN:
$4,175

Expires:
3/31/2026

Option:
For 10 years

Size(sq.ft.):
1,680

Miscellaneous

Type of Organization:
S Corp

Reason for Sale:
Retirement

Training:
0 weeks hours

Contact us About this Listing

Your Name
*Your E-Mail Address (Required)
Your Telephone
Business Team Office Nearest You

Call Us:

Boise: (208) 906-0237
Brea: (714) 987-6147
Eugene: 541-251-7700
Fresno: (800) 622-0192
Irvine: (213) 737-4932
Los Angeles: (213) 737-4932
Monterey: (831) 372-5888
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Santa Rosa: (707) 584-6248
Seattle: 425-957-6180
Spokane: 509.443.4337
Stockton: (800) 622-0192

Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.