This is a rare opportunity to acquire a legendary Manhattan-based Korean BBQ and Karaoke destination that has been a neighborhood staple for 10 years. Boasting a massive $2.5M in annual gross revenue, this business combines high-volume dining with the high-margin revenue of private karaoke rooms.
Offered at a competitive $500k asking price, this acquisition is an incredible value play for an experienced restaurateur or hospitality group looking to own a dominant piece of the NYC dining scene with a long-term lease already secured.
Strategic Highlights
Location & Market Dominance: Situated in the heart of NYC, this establishment is the only restaurant serving Korean BBQ in the immediate area. This "monopoly" status ensures consistent foot traffic and a loyal customer base.
Massive Footprint: The 4,400 sq. ft. facility is perfectly divided between a high-capacity BBQ dining room and premium karaoke suites, allowing for multiple revenue streams under one roof.
Established Legacy: Operating successfully since 2016 (with a 10-year local history), the brand has strong name recognition and a proven concept that has withstood NYC's competitive market cycles.
Long-Term Lease Security: The lease is secured through September 2031, providing a new owner with over 5 years of guaranteed operation before renewal—a vital asset in Manhattan real estate.
Operational Strengths
Diverse Revenue Mix: The combination of authentic K-BBQ and private Karaoke makes this a top choice for large groups, corporate events, and late-night entertainment.
Turnkey Infrastructure: The sale includes all specialized BBQ ventilation systems, kitchen equipment, karaoke technology, and furniture.
Built-in Demand: 10 years of "locally popular" status means zero "ramp-up" time for a new owner. The revenue is active and flowing from day one.
Growth & Expansion Potential
Digital Marketing: Current success is driven by reputation; implementing a modern social media and influencer strategy could significantly boost off-peak and weekend bookings.
Operational Efficiency: An institutional operator could optimize food costs and labor to significantly increase the net bottom line.
Expanded Hours: Potential to increase revenue by leaning further into the late-night NYC karaoke crowd or introducing a specialized lunch menu.
Transition & Reason for Sale
The current operating owner is retiring after a successful decade of building this brand. They are looking for a capable successor to lead the restaurant through its next decade of growth.
Financial Snapshot
Rent: $33,765/month (Manhattan Market Rate)
Gross Sales: $2.5 Million
Asking Price: $500,000 (Aggressively priced for a quick sale)
