Address Unavailable

About This Property

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.

Neighborhood

This property is located in Los Angeles. Want to learn more about the area?

Listing courtesy of Joshua Cho, Broker

Listing data from CRMLS. Deemed reliable but not guaranteed.