Semi-absentee Very Profitable Korean Fried Chicken Restaurant

Listing Number: 0101-149295

Description

Truly semi-absentee. This is a very successful Korean-Style Fried Chicken chain of restaurants, renowned for its delicious, authentic Korean fried chicken and exceptional customer service. It is currently a licensed operation, soon to be converted into a franchise. Fully staffed with 10 employees and management in place. The owner has a full-time day job and does not supervise the daily operations. Very profitable since the first years of operation, with an excellent long-term lease and optional 5 years extension available. This is the perfect opportunity for a buyer/investor looking for an established, turn-key operation. Fully equipped with a state-of-the-art kitchen and serving robot. The license transfer fee of $20,000 is not included in the asking price. This business will certainly qualify for an investor visa. The seller is willing to finance a qualified buyer. All prospective buyers will have to be approved by the licensor and the landlord, and will be asked to provide a BIO/CV and proof of funds/ financial statement before further disclosure.

Listing Details

• Price: $ 430,000
• Down Payment: $380,000
• Sellers Discretionary Earnings: $ 202,898
• Total Sales: $ 1,104,303
• Location: Florida


• Inventory: $ 17,250
• FF&E: $ 54,600
• Employees: 10
• Year Established: 2021
• Reason for Selling: Other business interests
• Category: Restaurants