Trendy Hot Pot Restaurant in Koreantown, LA. Also Good for Korean BBQ

Los Angeles, CA (Los Angeles County)

Trendy Hot Pot Restaurant in Koreantown, LA.  Also Good for Korean BBQ
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Asking Price: $598,000

Cash Flow: $196,746

Gross Revenue: $1,064,266

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $7,254 /Month

Established: 2017

Trendy Hot Pot Restaurant in Koreantown, LA. Also Good for Korean BBQ

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Business Description

Great Profitable Business to Take Over and Continue Running

A trendy Chinese Hot Pot restaurant business with Beer & Wine license in Koreantown, Los Angeles is for sale. The 2,880-square-foot, 106-seat restaurant has 3 more years of lease plus two 5-year options with annual net profit of over $200,000. The owner recently acquired Type 41 Beer & Wine license and the liquor sale income was not included in its past financial reports.

All fixtures, equipment, and furniture were built, installed, or purchased within the past two years. The restaurant fixtures including hoods all meet strict hot pot and BBQ requirements from the City of Los Angeles. Current owner is willing to provide all distribution information, recipe, and training to buyers.

No competition in the nearby neighborhoods. The restaurant is right at the Wilshire/Western station served by the Purple Line Metro. 4-hour free subterranean retail parking is a plus in Downtown Los Angeles neighborhood. The restaurant received 4-Star Yelp and Google reviews. The business is qualified for L-1/EB-1C and EB-5 ($500,000 investment in Targeted Employment Area) Visa.

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
2,880
Lease Expiration:
3/31/2022
Employees:
13
Facilities:
Two-year old trade fixtures and equipment suitable for hot pot and/or BBQ
Competition:
No nearby competition. Many clients come from USC and UCLA, even from Northridge and Santa Barbara area.
Growth & Expansion:
Recently acquired Type 41 Beer & Wine license. The liquor sale income was not included in 2018 financial report.
Support & Training:
Owner will provide training and distribution channel
Reason for Selling:
Leave for family business overseas
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Business Listed By:
Kevin Lin

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