Visit this listing at https://www.sbx.com.au/business?id=SM1479

Business Code: SM1479

Key Features: Restaurants - Two businesses in one - Busy tourist area - Takings $26,000 p.w.

State: NSW

Suburb: Sydney, 2000

Location: Situated in one of Sydney's busiest tourist locations.

Description

Restaurants - 2 businesses in one line with liquor licence. - Malaysian cuisine plus Korean BBQ with Asian BBQ hot pot - Both located in the same shop and use the same kitchen but serve two different food types. - They also serve Chinese, Japanese and Korean style BBQ and hot pot food with wagyu, beef, pork, lamb, chicken and seafood. - 120 seats.

Summary

  • Features: Full commercial kitchen - Walk-in coolroom and walk-in freezer.
  • Potential: Would suit owner operators - Do more promotion and do more delivery.
  • Premises: Near new state of art fit out with an area of 250 sq.mts.
  • Trading Hours: 7 days - Mon. - Sun.- 11.00 a.m. - 11.00 p.m.
  • Lease: 7 years lease commenced Oct.2017. - 5% annual increases. - 3 months bank guarantee.
  • Employees: Owner (admin only) + 4 full timers + 5 casuals.
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$26,000

Cost of Goods

$8,900

Gross Profit

$17,100

Rent

$1,000

Wages

$9,700

Outgoings

$2,600

Telephone

$75

Insurance

$35

Electricity

$700

Gas

$500

Misc1

$400

Total Expenses

$15,010

Estimated Stock (Additional)

$40,000

Equipment (Included)

$350,000

Net Profit

$2,090

Price

$300,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Malaysian & Korean Cuisine

Business Code: SM1479
Price: $300,000

Key Features: Restaurants - Two businesses in one - Busy tourist area - Takings $26,000 p.w.

State: NSW

Suburb: Sydney, 2000

Location: Situated in one of Sydney's busiest tourist locations.

Description

Restaurants - 2 businesses in one line with liquor licence. - Malaysian cuisine plus Korean BBQ with Asian BBQ hot pot - Both located in the same shop and use the same kitchen but serve two different food types. - They also serve Chinese, Japanese and Korean style BBQ and hot pot food with wagyu, beef, pork, lamb, chicken and seafood. - 120 seats.

Summary

  • Features: Full commercial kitchen - Walk-in coolroom and walk-in freezer.
  • Potential: Would suit owner operators - Do more promotion and do more delivery.
  • Premises: Near new state of art fit out with an area of 250 sq.mts.
  • Trading Hours: 7 days - Mon. - Sun.- 11.00 a.m. - 11.00 p.m.
  • Lease: 7 years lease commenced Oct.2017. - 5% annual increases. - 3 months bank guarantee.
  • Employees: Owner (admin only) + 4 full timers + 5 casuals.
  • Sale Reason: Family reasons.
  • Comments: Misc.- 1 - store room rent. - The business normal rent is $4,600 p.w. but from March,2020 is a discounted rent of $1,000 p.w. with monthly review. - Business takings last year averaged $33,000 p.w. - All figures on the books are available during meetings. The business set up cost was over $1 million.

Weekly Summary

Weekly Takings
(inc GST)

$26,000

Cost of Goods

$8,900

Gross Profit

$17,100

Rent (ex GST)

$1,000

Wages

$9,700

Outgoings

$2,600

Telephone

$75

Insurance

$35

Electricity

$700

Gas

$500

Misc1

$400

Total Expenses

$15,010

Estimated Stock (Additional)

$40,000

Equipment (Included)

$350,000

Net Profit

$2,090

Price

$300,000

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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.