Restaurant - Korean Cuisine

Business Code: TTQH1031


Key Features: Easy to run

State: QLD

Suburb: Sunnybank Hills, 4109

Location: Situated in busy small shopping centre on main road with very high exposure approx. 20 minutes from CBD.

Description

Restaurant serving Korean BBQ buffet with self-grilling services on charcoal. - Every table is equipped with a charcoal - gas griller. - The large variety of food includes beef, pork, seafood, chicken, vegetables, etc. - Set menus such as rice dishes, noodles, savory pancakes are also available. - Licenced - 84 seats inside. - Full commercial kitchen with cold room, gas cooker, exhaust canopy.

Summary

  • Features: Spacious seating area good for functions - Large kitchen - Long lease - Well established

  • Potential: Could introduce fried foods - Open weekday lunches - Add website - Could do catering. - Could add entertainment such as live band or karaoke to attract more customers

  • Premises: This business has a very spacious seating area as well as a large kitchen and an area of 180 sq. mts.

  • Trading Hours: 7 days - Mon. -Thurs. - 5:30 p.m. - 9:30 p.m. - Fri. - Sun. - 12 p.m. - 3 p.m. - 5:30 p.m. - 10 p.m.

  • Lease: Current lease expires July. 2023 - 2 months bank guarantee - 5% increases p.a.

  • Employees: 2 owners + 2 fulltime chefs + 2 parttimers

  • Comments: Misc. 1 - includes charcoal, gas bottles (for table grillers), accounting fees, etc. -

Weekly Summary

Weekly Takings
(inc GST)

$10,000

Cost of Goods

$2,500

Gross Profit

$7,500

Rent

$2,300

Wages

$2,700

Outgoings

$200

Telephone

$20

Insurance

$40

Electricity

$230

Gas

$38

Misc1

$400

Estimated Stock (Additional)

$3,000

Equipment (Included)

$50,000

Net Profit

$1,572

Price

$99,000

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