Los Angeles, CA 90012
- $130,000
Listing courtesy of Listing Agent: Joshua Cho (joshuacho1004@gmail.com) from Listing Office: Joshua Cho, Broker.
- List Price
- $130,000
- Status
- ACTIVE
- Days on Market
- 2
- MLS#
- PW26198384
- Subtype
- Business Opportunity
- MLS Area Major
- Metropolitan (C23)
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.
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