Restaurant - Korean Cuisine

Business Code: FN1136


Key Features: Prime location

State: NSW

Location: Best location in CBD with huge volume of pedestrians all day.

Description

Restaurant serving a variety of delicious fusion style Korean cuisine and drinks. - full kitchen with cool room and storage - 140 seats inside - Elevator and food lift established- 3rd floor having mini bar

Summary

  • Features: Prime location in CBD - Good reputation. - Regular customers- Run under management.

  • Potential: Suit all types of Asian restaurants - owner operator could save on wages.

  • Premises: This business has an area of 350 sq .mtrs. over 3 floors including kitchen in basement.

  • Trading Hours: 7 days - Mon. - Sun. - 11 a.m.- 2 a.m.

  • Lease: 5 + 5 years lease commenced March, 2016 - 3 months bond - 4% increases per year

  • Employees: Under full management - 2 fulltimers + 10 casuals

  • Comments: Business name, menu and recipes are not included in business price- Vendor looking for buyer who wants to change to any other type of restaurant.

Weekly Summary

Weekly Takings
(inc GST)

$59,000

Cost of Goods

$17,700

Gross Profit

$41,300

Rent

$9,010

Wages

$14,000

Outgoings

$350

Telephone

$30

Insurance

$50

Electricity

$120

Gas

$120

Misc1

$100

Total Expenses

$23,780

Net Profit

$17,520

Price

$350,000

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