North West Sydney
NSW
$370,000
Restaurant - Korean CuisinePrice: $280,000Net Profit: $4,400 |
Visit this listing at https://www.sbx.com.au/business?id=FN1359 |
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Business Code: FN1359 Key Features: Restaurant - Korean Bar Dining - Nets over $4,000 p.w - Lower North Shore State: NSW Location: Situated in the heart of Lower North Sydney surrounded by offices, apartments, retail shopping, and heavy pedestrian traffic. Excellent visibility and easy access to train station and transport hub. DescriptionWell-established Korean casual bar & dining restaurant, inspired by the retro energy and modern flavours of Seoul. The venue offers a unique dining experience with stylish Korean nostalgia-themed decor, creating a vibrant atmosphere ideal for date nights, social gatherings, and after-work dining. Popular signature dishes include spicy tomato mussel stew, minari pancake with dried shrimp, cheese hamburger steak, wagyu, chilli mapo tofu, Korean fried chicken, slow cooked whole chicken soup, and a variety of creative Korean share plates. The business also features an extensive Korean drinks list including premium soju, Korean craft beers, highballs, wine, and cocktails. Fully equipped with a commercial kitchen, exhaust ventilation, refrigeration, freezer, storage, and quality fixtures, the restaurant is ready for immediate operation. - 40 seats inside - fully licensed Summary
Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale. 
Weekly SummaryWeekly Takings (inc GST)$12,000Cost of Goods$3,600Gross Profit$8,400Rent$1,150Wages$2,500Telephone$20Insurance$30Electricity$100Gas$100Misc1$100Total Expenses$4,000Estimated Stock (Additional)$8,000Net Profit$4,400Price$280,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Restaurant - Korean Cuisine
Business Code: FN1359Price: $280,000
+ Estimated Stock (SAV) $8,000
Key Features: Restaurant - Korean Bar Dining - Nets over $4,000 p.w - Lower North Shore
State: NSW
Location: Situated in the heart of Lower North Sydney surrounded by offices, apartments, retail shopping, and heavy pedestrian traffic. Excellent visibility and easy access to train station and transport hub.
Business Overview
Well-established Korean casual bar & dining restaurant, inspired by the retro energy and modern flavours of Seoul. The venue offers a unique dining experience with stylish Korean nostalgia-themed decor, creating a vibrant atmosphere ideal for date nights, social gatherings, and after-work dining. Popular signature dishes include spicy tomato mussel stew, minari pancake with dried shrimp, cheese hamburger steak, wagyu, chilli mapo tofu, Korean fried chicken, slow cooked whole chicken soup, and a variety of creative Korean share plates. The business also features an extensive Korean drinks list including premium soju, Korean craft beers, highballs, wine, and cocktails. Fully equipped with a commercial kitchen, exhaust ventilation, refrigeration, freezer, storage, and quality fixtures, the restaurant is ready for immediate operation. - 40 seats inside - fully licensed
Summary
- Key Features: Prime location in a busy dining precinct.- Exceptionally low rent.- Stylish retro fit-out with strong brand identity..- Extensive liquor offering with premium Korean beverages.- Secure long lease in place.
- Potential: Excellent opportunity for an owner-operator couple or hospitality group.- Extend trading to 7 days per week and capture additional demand.- Introduce lunch service to nearby office workers and shoppers.- Expand delivery, takeaway, and catering services.- Increase online marketing and social media presence.- Reduce wage costs through owner operation.- Suitable for other premium Asian dining concepts, bar dining, or fusion cuisine
- Premises: Modern Korean restaurant / bar dining venue with stylish fit-out, full commercial kitchen, storage, and an area of approx, 159 sq. mts.
- Trading Hours: 6 days - Tues. to Sat. - 5:00 p.m to late - Sun. -5:00 p.m. to 11:00 p.m. - Closed Monday
- Lease: 5 + 5 year lease commenced April 2022 - 3 months bond - Rent increases 2.8% per year.
- Employees: Under Management - 2 full timers + 2 casuals
- Sale Reason: Owner wishes to focus on another business
- Comments:
Rare opportunity to acquire one of the Lower North Shores most unique Korean dining venues with very low rent, strong branding, and solid turnover. Ideal for buyers seeking a profitable hospitality business with further upside. Motivated vendor. Inspections strictly by appointment only. Staff unaware of sale.- Wage based on 1 owner operating
Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale.
Weekly Summary
Figures include GST unless stated otherwise
Weekly Takings
$12,000
Cost of Goods
$3,600
Gross Profit
$8,400
Rent (ex GST)
$1,150
Wages
$2,500
Telephone
$20
Insurance
$30
Electricity
$100
Gas
$100
Misc1
$100
Total Expenses
$4,000
Estimated Stock (Additional)
$8,000
Net Profit
$4,400
Price
$280,000
+ Estimated Stock (SAV) $8,000
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