Category:
10209 - Restaurants
Location:
Northern California - South Bay
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.
Inventory (included):
$25,000
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)
| # 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:
Monthly Rent Including NNN:
$4,575
Expires:
8/1/2020
Option:
For 5 years
Size(sq.ft.):
1,200
Type of Organization:
S Corp
Reason for Sale:
Retirement
Training:
3 weeks 30 hours
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.