Sydney CBD
NSW
$400,000
Restaurant - Korean CuisinePrice: $200,000Net Profit: $3,500 |
Visit this listing at https://www.sbx.com.au/business?id=FN1383 |
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Business Code: FN1383 Key Features: Sydney CBD Korean Restaurant – Near new fit-out – Owner-chef opportunity State: NSW Location: Prime location in the heart of Sydney CBD with strong pedestrian traffic near Central Station and Chinatown DescriptionRecently refurbished Korean restaurant positioned in Sydney’s busy dining precinct. The vendor advises that the premises underwent a complete renovation approx. three months ago, including a new fit-out, equipment and cool room. The menu features LA beef galbi, pork galbi, pork belly, spicy pork, Korean fried chicken, beef rib soup, budae-jjigae, bibimbap and noodle dishes . Offering dine-in, takeaway and delivery, the business provides an existing platform for a hands-on owner-chef to develop. Seating for 40 customers and space for up to 10 additional outdoor seats, a fully equipped commercial kitchen, cool room and storage. The vendor advises that the liquor licence permits trading until midnight, providing scope to develop evening food and beverage sales within applicable approvals. 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)$14,000Cost of Goods$4,000Gross Profit$10,000Rent$3,500Wages$2,500Telephone$20Insurance$30Electricity$300Gas$100Misc1$50Total Expenses$6,500Net Profit$3,500Price$200,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Restaurant - Korean Cuisine
Business Code: FN1383Price: $200,000
Key Features: Sydney CBD Korean Restaurant – Near new fit-out – Owner-chef opportunity
State: NSW
Location: Prime location in the heart of Sydney CBD with strong pedestrian traffic near Central Station and Chinatown
Business Overview
Recently refurbished Korean restaurant positioned in Sydney’s busy dining precinct. The vendor advises that the premises underwent a complete renovation approx. three months ago, including a new fit-out, equipment and cool room. The menu features LA beef galbi, pork galbi, pork belly, spicy pork, Korean fried chicken, beef rib soup, budae-jjigae, bibimbap and noodle dishes . Offering dine-in, takeaway and delivery, the business provides an existing platform for a hands-on owner-chef to develop. Seating for 40 customers and space for up to 10 additional outdoor seats, a fully equipped commercial kitchen, cool room and storage. The vendor advises that the liquor licence permits trading until midnight, providing scope to develop evening food and beverage sales within applicable approvals.
Summary
- Key Features: Prime CBD location - Well established Korean restaurant with loyal customer base- Modern and welcoming interior atmosphere - All new setup and equipment- New cool room established
- Potential: Ideal opportunity for owner chef or couple -run business with manageable operation structure - Well suited for experienced hospitality operators or buyers looking to enter Sydney's growing Korean dining market. - Potential to introduce new menu items, Korean drinking culture concepts, or seasonal promotions to further grow sales
- Premises: 110sq.m with full kitchen and cool room
- Trading Hours: 7 days – Monday to Sunday, 11:30 a.m to 10 p.m
- Lease: New 3 + 3 or 5 + 5 year lease is available, subject to landlord agreement. Proposed terms include annual increases of 4% and a three-month bond or bank guarantee, to be confirmed.
- Employees: 1 owner + 1 full-time employee + 2 casual staff
- Sale Reason: Owner wishes to focus on other business operations.
- Comments:
About $350,000 has been invested in the recent renovation and business sett-up, fit-out and equipment, the business presents an opportunity for a new owner to acquire a recently fitted restaurant for less than the reported setup cost. Particularly suited to a hands-on owner-chef looking to establish their own operation without undertaking a full fit-out from scratch. The current business reports weekly sales of approximately $13,000, with scope for an incoming operator to develop the menu and improve operating efficiency. All inspections must be arranged through the broker.
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
$14,000
Cost of Goods
$4,000
Gross Profit
$10,000
Rent (ex GST)
$3,500
Wages
$2,500
Telephone
$20
Insurance
$30
Electricity
$300
Gas
$100
Misc1
$50
Total Expenses
$6,500
Net Profit
$3,500
Price
$200,000
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All business and financial information provided is supplied by the vendor. SBX Business Brokers does not verify, adjust or interpret financial data. Buyers must rely on their own enquiries and independent professional advice. SBX Business Brokers accepts no liability for decisions made based on vendor-supplied information.