Korean Restaurant Chain, Seller Financing

Contact us About this Listing

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

What time is it on the clock?


Call Us:

Eugene: 541-251-7700
Fresno: (800) 622-0192
Irvine: (714) 987-6147
Los Angeles: (714) 987-6147
Monterey: (831) 372-5888
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Reno: (775) 825-3948
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Santa Rosa: (707) 584-6248
Seattle: 425-957-6180
Stockton: (800) 622-0192

Category:
10209 - Restaurants

Location:
Northern California - South Bay

Korean Restaurant Chain, Seller Financing

Business Description:

Price includes 3 Restaurants with a Popular BRAND, the original one started in Downtown San Jose and others are in San Francisco & Santa Cruz. This is a proven successful Korean food concept with amazing upside potential. Revenues have been growing since its inception. Although, in 4 years it grew into 4 locations, pressure of growing pain forced owner to sell the Peninsula location last year and now the Santa Cruz location is being offered for sale at a discounted price, mostly due to challenges of long distance delivery of food to other locations as the Santa Cruz Store is also their Commissary Kitchen. 2 delivery Vans and $25K of inventory included. Purchase Price also includes the wholesale business generated from the Redwood City location under the Licensing Agreement and all the rights to the "HOM Korean Kitchen" established Brand. Seller Financing available to qualified Buyer with $220,000 Down.


Asking Price: $430,000


Inventory (included):
$25,000

Real Property Available:
No

Save/Print (PDF)

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 6 3
Owners 0 1

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:
$4,575

Expires:
8/1/2020

Option:
For 5 years

Size(sq.ft.):
1,200

Miscellaneous

Type of Organization:
S Corp

Reason for Sale:
Retirement

Training:
3 weeks 30 hours

Contact us About this Listing

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

Call Us:

Eugene: 541-251-7700
Fresno: (800) 622-0192
Irvine: (714) 987-6147
Los Angeles: (714) 987-6147
Monterey: (831) 372-5888
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Reno: (775) 825-3948
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Santa Rosa: (707) 584-6248
Seattle: 425-957-6180
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.