Established Korean Restaurant - Exceptional Growth Potential in Queens This profitable Korean restaurant represents an outstanding opportunity for an entrepreneur to acquire a well-positioned food service business with significant untapped potential in Queens, NY. Business Overview: Operating since 2022, this 600 sq ft Korean restaurant has established itself as a unique dining destination specializing in authentic Korean cuisine. The menu features popular items including kimbap (rice rolls), curry, ramyun, refreshing drinks, and trendy bubble tea, catering to diverse customer preferences.
Financial Highlights: - Annual Revenue: $180,000 - Seller's Discretionary Earnings: $66,000 - Strong 37% profit margin demonstrates efficient operations - Monthly Lease: $2,942 with lease secured through October 2032 Competitive Advantages: The restaurant enjoys a distinctive market position as the exclusive provider in the area offering the complete combination of kimbap, ramen, healthy dining options, curry, and bubble tea. This comprehensive Korean food and beverage offering creates a strong competitive moat and attracts a loyal customer base seeking authentic flavors. Significant Growth Opportunities: The business presents exceptional expansion potential with minimal effort required: - Zero current marketing initiatives - immediate opportunity for revenue growth - No delivery service presence - untapped market segment - Established customer base ready for enhanced service offerings - Prime location with long-term lease security (8+ years remaining) Operational Benefits: - Streamlined, easy-to-manage operations - Proven business model with consistent revenue - Comprehensive seller support and training included - Turn-key operation ready for immediate ownership transition The current owners are selling due to personal bandwidth constraints from new family obligations and full-time employment, not business performance issues.
This creates an ideal opportunity for a dedicated operator to maximize the restaurant's considerable potential. Asking Price: $160,000 This acquisition offers the perfect combination of established profitability and substantial growth runway in Queens' thriving food service market.