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Image by Jermaine Ee

PROPERTY DATA BANK

[PDB] Five Senses

Five Senses, located between Broadway and 5th Ave in K-Town 32, opened in 2015. Asking price: $1.8M (KRW 2.34 billion) and Gross Sale: $4M-$5.8M (KRW 5.2 billion - 7.5 billion) and Net Income is $640,000.00 - $900,000.00 (KRW 832 million - 1.17 billion won).

 

The reason why there is a difference in sales before and after COVID-19 is because business hours were reduced from 11am-4am and menu prices were lowered due to the economic crisis.


A huge number of people pass by 24 hours a day, and the Empire State Building is located on 33rd Street in the block right next to it, and there are also many hotels, so it is located in the Triple A area, where tourists, offices, and residential buildings are evenly located.






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