Upper North Shore
NSW
$125,000
Restaurant - Korean/Asian BBQ Buffet - Under ManagementPrice: $390,000Net Profit: $7,140 |
Visit this listing at https://www.sbx.com.au/business?id=M2290 |
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Business Code: M2290 Key Features: Korean BBQ Buffet Restaurant - Under Management - Nets $7140 p.w- Inner West State: NSW Location: Situated in Inner West area with large Asian community and close to high foot traffic of railway station and new Metro station DescriptionSpecialised Korean/Asian BBQ Buffet restaurant serving fresh and high quality meats and side dishes and offering all-you-can-eat BBQ meat and buffet selection. BBQ grill tables with 100 seats inside and 25 seats outside. . Licenced. - Currently using charcoal for BBQ cooking, with plans to transform gas grill cooking which will connect each table ( install new tables ) for comfortable service and easy operation. Currently the business only trading 7 dinners from 5 pm - 9:30 pm., planning to open lunch buffet soon. 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)$36,000Cost of Goods$12,600Gross Profit$23,400Rent$3,947Wages$10,772Outgoings$121Telephone$20Insurance$100Electricity$580Gas$320Misc1$400Total Expenses$16,260Estimated Stock (Additional)$13,000Net Profit$7,140Price$390,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Restaurant - Korean/Asian BBQ Buffet - Under Management
Business Code: M2290Price: $390,000
+ Estimated Stock (SAV) $13,000
Key Features: Korean BBQ Buffet Restaurant - Under Management - Nets $7140 p.w- Inner West
State: NSW
Location: Situated in Inner West area with large Asian community and close to high foot traffic of railway station and new Metro station
Business Overview
Specialised Korean/Asian BBQ Buffet restaurant serving fresh and high quality meats and side dishes and offering all-you-can-eat BBQ meat and buffet selection. BBQ grill tables with 100 seats inside and 25 seats outside. . Licenced. - Currently using charcoal for BBQ cooking, with plans to transform gas grill cooking which will connect each table ( install new tables ) for comfortable service and easy operation. Currently the business only trading 7 dinners from 5 pm - 9:30 pm., planning to open lunch buffet soon.
Summary
- Key Features: Long established for 18 years. - Spacious and well presented fit out. - High takings with repeat customers and consistent weekly sales. - Long 10 years lease. - Stable income with short trading hours. - Under management.
- Potential: Adding lunch specials will boost the sales expected to reach $50000 - $60000 a week. Promote marketing through media presence. - A motivated owner operator could save on wages and increase sales and profit.
- Premises: Well presented and newly refurbished shop with total area approx. 250 sqm including large commercial kitchen, renovated cool room and freezer room
- Trading Hours: 7 dinners - 5 p.m. - 9:30 p.m.
- Lease: 5 + 5 years lease commenced Sept. 2025. - 3% annual increases. - 3 months bond.
- Employees: Fully under management- 10 staff including full timers and part-timers and casuals.
- Sale Reason: Other business venture
- Comments:
Misc.- 1- Refers to waste bill and other general business expenses. A long-standing and budget-friendly Korean BBQ buffet that's loved by locals and has earned great reviews over the years. - Well priced for sale. - A must inspection. - The business details and actual figures will be shown at a meeting.
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
$36,000
Cost of Goods
$12,600
Gross Profit
$23,400
Rent (ex GST)
$3,947
Wages
$10,772
Outgoings
$121
Telephone
$20
Insurance
$100
Electricity
$580
Gas
$320
Misc1
$400
Total Expenses
$16,260
Estimated Stock (Additional)
$13,000
Net Profit
$7,140
Price
$390,000
+ Estimated Stock (SAV) $13,000
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