Profitable Korean Restaurant and GrillListing: #OR00239
About this Business for sale in MuntinlupaProfitable Korean Restaurant and Grill
This Award Winning Korean Restaurant is best suited for the young/new entrepreneur looking to start a business, or the corporate executive who is looking to retire within five to ten years.
This small profitable business offers a risk free education in entrepreneurship, because the new owner can start earning from day one. A new owner with new marketing ideas should be able to increase the sales of the restaurant.
Located in Alabang-Las Pinas, it’s a popular dining place for residents in the area because of its affordable prices, accessibility, and ability to host a party of up to 70 people.
The business has a system in place with a competent manager, a seasoned chef, and a six very capable dining and kitchen staff. The whole team can function efficiently even in the absence of the owner.
Located on the 2nd floor of a commercial building, its dining area can easily sit 45 persons, while a function room can accommodate an additional 25 people. The 150 sq.m. includes a dining area, a function room, staff room, kitchen, male and female comfort rooms. It has two parking spaces plus roadside parking managed by the barangay security for the restaurant.
Within the restaurant's 3 km radius are commercial and industrial establishments, a business district, leisure centers, churches, a wet market, a supermarket, a popular mall and subdivisions with a population of more than 300,000.
The sale of the business includes the security deposit of ₱90,000, all fixtures, furniture and equipment, the business and brand names, and a Social Media account with more than two thousand followers.
The owners are selling because they need to focus on their contracting and farm business.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.