Semi-absentee Very Profitable Korean Fried Chicken Restaurant

Asking Price$399,000

Cash Flow
$190,929
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,046,949

Inventory$9,450
Included in asking price
FF&E$53,550
Included in asking price
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Semi-absentee Very Profitable Korean Fried Chicken Restaurant


Asking Price$399,000

Cash Flow
$190,929
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,046,949

Inventory$9,450
Included in asking price
FF&E$53,550
Included in asking price

Seller Financing Available
Business Description
Built on Flavor. Backed by Service. Ready to Franchise!!!
Truly semi-absentee. This is a very successful Korean-style fried Chicken chain of restaurants, renowned for its delicious, authentic Korean fried chicken and exceptional customer service. It is currently a licensed operation, soon to be converted into a franchise. Fully staffed with 10 employees and management in place. The owner has a full-time day job and does not supervise the daily operations. Very profitable since the first years of operation, with an excellent long-term lease and an optional 5-year extension available. This is the perfect opportunity for a buyer/investor looking for an established, turn-key operation. Fully equipped with a state-of-the-art kitchen and serving robot. The license transfer fee of $20,000 is not included in the asking price. This business will certainly qualify for an investor visa. The seller is willing to finance a qualified buyer. All prospective buyers will have to be approved by the licensor and the landlord, and will be asked to provide a BIO/CV and proof of funds/ financial statement before further disclosure. Please refer to listing #0101149295, business broker Fernando Mello, 561-609-7371, when inquiring about this listing.
About the Business
Years in Operation
4
Employees
12
Facilities & Assets
Building Type: Strip Center
Terms & Options: 1 x 5 yrs option
Market Outlook / Competition
Miles: 30
Years: 4
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,475
Rent
$5,600.00 per month
Lease Expiration
3/31/2029
About the Sale
Seller Motivation
Other business interests
Transition Support
Weeks Training: 2
Cost: $0
Financing Options
Owner Amount: $49,000 - Interest: 8% - Term: 24 Months - Monthly Payment: $2,216
Listing Info
ID
2379280
Listing Views
482

Contact Seller

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Business Listed by: Fernando Mello Transworld Business Brokers, LLC.

Listing ID: 2379280 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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