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$ 200,000
Est. payment | /mo
$ 200,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26198370
HOA Y/N No
Property Description
Available for purchase is a well-established Korean restaurant in the Cerritos area of Los Angeles County, California. This Korean restaurant, located in Cerritos area, has been serving the community since 1994, boasting over 30 years under the current owner. The restaurant's loyal customer base and strong word-of-mouth have contributed to its success, with a revenue of $600,000 and a cash flow of $156,000.
The 1,700 sqft venue operates with a staff of three employees. Currently, the restaurant enjoys short operating hours from 10 am to 6 pm, remaining closed on Sundays and Mondays. This provides an excellent opportunity for a new owner to extend the operating hours and potentially increase revenue.
The asking price for the restaurant is $200,000, with a monthly rent of $3,500. The lease terms are favorable, offering a 4-year lease with a 5-year extension option. The current owner is selling due to retirement and is ready to transfer the recipe for their popular Korean style sausage to the new proprietor.
Training and support will be provided to ensure a smooth transition. The restaurant's online listing has already generated interest, with 41 page views and 2 messages at the time of posting.
For more information about this opportunity, please contact Joshua Cho at joshuacho1004@gmail.com or call at +17148700300. Don't miss your chance to own a long-standing restaurant with a proven track record and growth potential.
The 1,700 sqft venue operates with a staff of three employees. Currently, the restaurant enjoys short operating hours from 10 am to 6 pm, remaining closed on Sundays and Mondays. This provides an excellent opportunity for a new owner to extend the operating hours and potentially increase revenue.
The asking price for the restaurant is $200,000, with a monthly rent of $3,500. The lease terms are favorable, offering a 4-year lease with a 5-year extension option. The current owner is selling due to retirement and is ready to transfer the recipe for their popular Korean style sausage to the new proprietor.
Training and support will be provided to ensure a smooth transition. The restaurant's online listing has already generated interest, with 41 page views and 2 messages at the time of posting.
For more information about this opportunity, please contact Joshua Cho at joshuacho1004@gmail.com or call at +17148700300. Don't miss your chance to own a long-standing restaurant with a proven track record and growth potential.
Location
State CA
County Los Angeles
Area M1 - Norwalk
Interior
Fireplace No
Listed by Joshua Cho Joshua Cho, Broker 714-870-0300, DRE #01018822
Nearby Locations
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