Visit this listing at https://www.sbx.com.au/business?id=W1557

Business Code: W1557

Key Features: Potential plus

State: NSW

Suburb: Lidcombe

Location: Situated in very busy eatery street amongst cafes and restaurants close to train station.

Description

Restaurant serving BBQ Korean cuisine including pork, chicken, beef, hot pots, 21 kinds of Asian meals, 6 different types of set menu, drinks. - 120 seats inside Large full kitchen with excellent equipment.

Summary

  • Features: Sales increasing - Ideal for Chinese cuisine.
  • Potential: Ideal for family business and save on wages. - A large restaurant suitable for Chinese yum cha or Chinese and Thai cuisine. - Could add duck BBQ to the menu which would increase sales - Liquor licence under process.
  • Premises: This business has an area of 220 sq.mts.
  • Trading Hours: 7 days- 11:00 a.m. - 10:00 p.m.
  • Lease: 5 year lease plus 5 year option commenced September, 2015. - Bond $50,000 - Rent increases 3% per year.
  • Employees: 1 owner + 3 fulltimers + 9 casuals
  • Comments: Growing business with a lot of potential - Due to private reasons owner wants to sell urgently. - Motivated vendor - A must inspection.

Weekly Summary

Weekly Takings (inc GST)

$18,000

Cost of Goods

$5,400

Gross Profit

$12,600

Rent

$2,650

Wages

$4,800

Electricity

$154

Gas

$77

Misc1

$419

Total Expenses

$8,100

Estimated Stock (Additional)

$20,000

Net Profit

$4,500

Price

$235,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Korean Cuisine

Business Code: W1557
Price: $235,000

Key Features: Potential plus

State: NSW

Suburb: Lidcombe

Location: Situated in very busy eatery street amongst cafes and restaurants close to train station.

Description

Restaurant serving BBQ Korean cuisine including pork, chicken, beef, hot pots, 21 kinds of Asian meals, 6 different types of set menu, drinks. - 120 seats inside Large full kitchen with excellent equipment.

Summary

  • Features: Sales increasing - Ideal for Chinese cuisine.
  • Potential: Ideal for family business and save on wages. - A large restaurant suitable for Chinese yum cha or Chinese and Thai cuisine. - Could add duck BBQ to the menu which would increase sales - Liquor licence under process.
  • Premises: This business has an area of 220 sq.mts.
  • Trading Hours: 7 days- 11:00 a.m. - 10:00 p.m.
  • Lease: 5 year lease plus 5 year option commenced September, 2015. - Bond $50,000 - Rent increases 3% per year.
  • Employees: 1 owner + 3 fulltimers + 9 casuals
  • Comments: Growing business with a lot of potential - Due to private reasons owner wants to sell urgently. - Motivated vendor - A must inspection.

Weekly Summary

Weekly Takings
(inc GST)

$18,000

Cost of Goods

$5,400

Gross Profit

$12,600

Rent (ex GST)

$2,650

Wages

$4,800

Electricity

$154

Gas

$77

Misc1

$419

Total Expenses

$8,100

Estimated Stock (Additional)

$20,000

Net Profit

$4,500

Price

$235,000

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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.