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Listed by Joshua Cho • Joshua Cho, Broker
$130,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW-26198384
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Presenting a great opportunity to acquire a well-established Korean restaurant in downtown Los Angeles. Set up in 2020, this business enjoys a strong 5.0 review rating and a strategic location across from LAPD Headquarters, LA Times Building, Cal Trans, and numerous law firms and government offices.
The restaurant, offering an asking price of $130,000, boasts an annual revenue of $480,000 with a cash flow of $180,000. With only two employees, this compact yet efficient operation is perfect for a buyer looking for a manageable venture.
The premises span 1,600 square feet and are nestled next to Little Tokyo, benefiting from plenty of foot traffic. Plus, the rent is reasonable at just $3,000 per month. The lease terms are 3 plus 2 years, providing the new owner with flexibility and stability.
The current owner wishes to retire, creating an ideal opportunity for a new entrepreneur to take over. Training and support will be provided as part of the transition.
Contact broker Joshua Cho at +17148700300 or joshuacho1004@gmail.com for more details. This is a fantastic chance to acquire a popular, well-reviewed Korean restaurant in a highly desirable downtown LA location.
The restaurant, offering an asking price of $130,000, boasts an annual revenue of $480,000 with a cash flow of $180,000. With only two employees, this compact yet efficient operation is perfect for a buyer looking for a manageable venture.
The premises span 1,600 square feet and are nestled next to Little Tokyo, benefiting from plenty of foot traffic. Plus, the rent is reasonable at just $3,000 per month. The lease terms are 3 plus 2 years, providing the new owner with flexibility and stability.
The current owner wishes to retire, creating an ideal opportunity for a new entrepreneur to take over. Training and support will be provided as part of the transition.
Contact broker Joshua Cho at +17148700300 or joshuacho1004@gmail.com for more details. This is a fantastic chance to acquire a popular, well-reviewed Korean restaurant in a highly desirable downtown LA location.
Location
State CA
County Los Angeles
Area C23 - Metropolitan
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900