Visit this listing at https://www.sbx.com.au/business?id=FN1181

Business Code: FN1181

Key Features: Great location - Good reputation- Takings $20,000 p.w. -Netting $5,000 p.w.

State: NSW

Suburb: Epping, 2121

Location: Situated in busy North West shopping strip close to train station and supermarket.

Description

Restaurant serving Korean Cuisine specialising in famous soon tofu soup, BBQ, hot-stone bibimbap, bulgogo, hot pot, hot pan, Chefs special, soups, entrees, and variety of meals and noodles. - Licenced - 66 seats inside - big commercial kitchen with cool room and storage

Summary

  • Features: Great location - No competition - Good reputation - Very famous signature menu.
  • Potential: Suit family business - Huge potential - Huge apartments are under construction near this business. - Promote and deliver to surrounding apartments and residential area.
  • Premises: This business has an area of 100 sq.mts.
  • Trading Hours: 7 days - 10:30 a.m.- 9:30 p.m.
  • Lease: New 5 + 5 year lease commenced April, 2019. - 3 months bond - C.P.I. increases.
  • Employees: 1 owner+. 3 full timers. + 3 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$20,000

Cost of Goods

$6,000

Gross Profit

$14,000

Rent

$1,180

Wages

$7,000

Outgoings

$173

Insurance

$30

Electricity

$230

Gas

$230

Total Expenses

$8,843

Estimated Stock (Additional)

$5,000

Net Profit

$5,157

Price

$300,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Korean Cuisine

Business Code: FN1181
Price: $300,000
+ Estimated SAV $5,000

Key Features: Great location - Good reputation- Takings $20,000 p.w. -Netting $5,000 p.w.

State: NSW

Suburb: Epping, 2121

Location: Situated in busy North West shopping strip close to train station and supermarket.

Description

Restaurant serving Korean Cuisine specialising in famous soon tofu soup, BBQ, hot-stone bibimbap, bulgogo, hot pot, hot pan, Chefs special, soups, entrees, and variety of meals and noodles. - Licenced - 66 seats inside - big commercial kitchen with cool room and storage

Summary

  • Features: Great location - No competition - Good reputation - Very famous signature menu.
  • Potential: Suit family business - Huge potential - Huge apartments are under construction near this business. - Promote and deliver to surrounding apartments and residential area.
  • Premises: This business has an area of 100 sq.mts.
  • Trading Hours: 7 days - 10:30 a.m.- 9:30 p.m.
  • Lease: New 5 + 5 year lease commenced April, 2019. - 3 months bond - C.P.I. increases.
  • Employees: 1 owner+. 3 full timers. + 3 casuals
  • Sale Reason: Family reasons
  • Comments: Very well known amongst the Asian community. - Motivated vendor - A must inspection - Staff are not aware of sale so please be discreet - Before inspection please contact agent. - Owner willing to give training and recipes.

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings

$20,000

Cost of Goods

$6,000

Gross Profit

$14,000

Rent (ex GST)

$1,180

Wages

$7,000

Outgoings

$173

Insurance

$30

Electricity

$230

Gas

$230

Total Expenses

$8,843

Estimated Stock (Additional)

$5,000

Net Profit

$5,157

Price

$300,000
+ Estimated SAV $5,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.