Rare opportunity to acquire a high-performing, fully staffed Korean BBQ restaurant in the heart of Manhattan. This acclaimed 8,500 sq ft, 186-seat operation spans three floors in one of New York City’s most vibrant dining corridors. With a strong reputation, award recognition, and robust financial performance, the restaurant is ideally positioned for continued growth or conversion into a franchise platform.
Key Investment Highlights:
Low Owner Involvement: The current owner plays no active role in daily operations and commits only 3–4 hours per week in an advisory capacity. The business is run by a highly experienced team of 57 staff (51 full-time), including managers and chefs who are expected to remain with the new owner.
Exceptional Lease Terms: Secure long-term lease with 10 years and 5 months remaining. Monthly rent is just $96,244, inclusive of property taxes and insurance — an exceptional value for this size and location in NYC. Lease recently renegotiated and extended.
Award-Winning & Critically Acclaimed: Recognized by the Michelin Guide with Bib Gourmand awards (2021–2022), and recent accolades include OpenTable Diner’s Choice Award (2024) and TripAdvisor Traveler’s Choice (2024).
Celebrity-Approved & Social Media Presence: Popular with international celebrities and influencers. Strong online reputation with thousands of positive reviews and active Instagram, TikTok, and email marketing programs in place.
Scalable & Franchise-Ready: This flagship operation is intended to serve as the model for future licensed/franchise locations. The infrastructure is in place to supply new locations with proprietary items (e.g., sauces, kimchi). Additional growth opportunities include expanding catering services and third-party delivery channels.
Fully Equipped, Turnkey Operation: Recent renovations total over $700,000 (including bathrooms and mezzanine). All furniture, fixtures, and equipment are included in the sale and owned outright (no equipment leases).
Prime Midtown Manhattan Location: Centrally located in Koreatown, with high foot traffic and strong demand from both locals and tourists. Layout includes a bar, open prep areas, private dining spaces, and in-table grills with full venting and fire suppression.
Ad#:2402637
