Restaurant Investment Opportunity in New York, United States

Korean restaurant in Flushing, New York with a growing demand seeks an investor.

This Business is on a Premium Plan

Established	1-5 year(s)
Employees	2 - 5
Legal Entity	C Corporation
Reported Sales	USD 300 - 400 thousand
Run Rate Sales	USD 456 thousand
EBITDA Margin	Operating at loss
Industries	Restaurants
Locations	New York
Local Time	10:53 PM America / New York
Listed By	Management Member
Status	Active

7.5 / 10

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Partial Stake Sale

USD 50 thousand for 50.0% stake (Native Currency: USD 50,000)

Reason: Investment is required to add online sale for mealkit (frozen foods), pig trotter, beef soup/oxtail ... View More

Includes physical assets worth USD 100 thousand

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Business Overview

- Based on authentic and healthy foods.

- 1,800 customers served and a growing demand for dine-in.

- High revenue growth despite lack of financial resources.

- We opened right before Covid-19.

- Seeking an investor to capitalize on the growing demand and take the business to the next level.

Products & Services Overview

- Seafood Pancake.

- Aging meat (Beef, Pork, Lamb, Salmon)

- Beef short rib & oxtail soup.

- Pig trotter and soybean curd dumpling.

Assets Overview

The total value of the tangible assets stands at USD 220,000. However, the investor can take up a stake at the discounted valuation of USD 100,000.

Facilities Overview

Our restaurant is located in Flushing, New York on Commercial Street.

The restaurant has 1 floor, and a lease for 10 years.

Capitalization Overview

- Cash advance balance: $14,000.

- SBA loan: $82,500.

- Only 1 owner (100%)

- Funded with the help of family and USD 10,000 from the AAPISTRONG Restaurant Fund.

Recent Activity

14 hours ago
Director, Transportation, Hyderabad, Individual Investor / Buyer connected with the Business
Earlier than 15 days
President, Healthcare Sector, Bala Cynwyd, Corporate Investor / Buyer connected with the Business
Earlier than 15 days
Manager, Business Processing Outsourcing, Westmoreland Parish, Individual Investor / Buyer connected with the Business

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Restaurant Investment Opportunity in New York, United States

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