North West
NSW
$445,000
Restaurant-Korean Cuisine-Under ManagementPrice: $960,000Net Profit: $17,845 |
Visit this listing at https://www.sbx.com.au/business?id=M2252 |
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Business Code: M2252 Key Features: Restaurant-Korean Cuisine- Nets $17845 p.w.- Under Management- North West State: NSW Location: Situated in shopping street of North West suburb close to railway station. DescriptionKorean BBQ cuisine restaurant with tabletop charcoal grills at each table. The menu features a wide range of grilled and BBQ meat such as marinated pork and beef ribs, spicy chicken, stone pot soups and noodles etc. Very large commercial kitchen around 100 m2 with cool room and frozen room. 70 comfortable seats inside. Liquor license. The weekly takings shown is shop retail only without home delivery. The current years takings is more than $3 million. All food material and ingredients are delivered by central kitchen owned by the vendor. First time on market after 10 years successful running. 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)$59,000Cost of Goods$20,650Gross Profit$38,350Rent$3,310Wages$13,560Outgoings$725Telephone$20Insurance$280Electricity$530Gas$380Misc1$1,700Total Expenses$20,505Estimated Stock (Additional)$15,000Net Profit$17,845Price$960,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Restaurant-Korean Cuisine-Under Management
Business Code: M2252Price: $960,000
+ Estimated Stock (SAV) $15,000
Key Features: Restaurant-Korean Cuisine- Nets $17845 p.w.- Under Management- North West
State: NSW
Location: Situated in shopping street of North West suburb close to railway station.
Business Overview
Korean BBQ cuisine restaurant with tabletop charcoal grills at each table. The menu features a wide range of grilled and BBQ meat such as marinated pork and beef ribs, spicy chicken, stone pot soups and noodles etc. Very large commercial kitchen around 100 m2 with cool room and frozen room. 70 comfortable seats inside. Liquor license. The weekly takings shown is shop retail only without home delivery. The current years takings is more than $3 million. All food material and ingredients are delivered by central kitchen owned by the vendor. First time on market after 10 years successful running.
Summary
- Key Features: Top restaurant. Long established. Good reputation. Well known to locals. Stunning fit out. High turnover and profit. New 10 years lease available from Nov. 2025. Fully under Management.
- Potential: A hand over to a motivated owner operator could save on wages and make more sales and profit. Could add home delivery to boost sales. Ideal for family business or partnership.
- Premises: Specious and nicely presented shop with total area of 345 m2.
- Trading Hours: 7 days - Monday to Friday: 12 pm to 3 pm & 5 pm to to 10 pm. Saturday & Sunday: 12 pm to 10 pm.
- Lease: 10 years lease expires November 2025. A new 10 years lease offered by Landlord with new rent $14,208.33 per month including GST plus outgoings. CPI annual increases. 3 months bond.
- Employees: Fully under management-One Manager plus 17 staff including casuals.
- Sale Reason: Pursuing other business venture.
- Comments: Outgoings includes council rates, water rates and land tax. - Misc.- 1-Refers to bank merchant fee and waste bill. Rare to find such a BBQ restaurant with high takings and great profit. A great investment opportunity. The vendor will continue to support a new owner for delivery of all goods from the central kitchen which can keep food quality also save wages. One of the best restaurants on our listing books. Inspection is highly recommended. All figures can be reviewed for the business performance at the meeting. Staff are not aware of sale, all inspections must be through SBX business brokers.
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
$59,000
Cost of Goods
$20,650
Gross Profit
$38,350
Rent (ex GST)
$3,310
Wages
$13,560
Outgoings
$725
Telephone
$20
Insurance
$280
Electricity
$530
Gas
$380
Misc1
$1,700
Total Expenses
$20,505
Estimated Stock (Additional)
$15,000
Net Profit
$17,845
Price
$960,000
+ Estimated Stock (SAV) $15,000
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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.