Visit this listing at https://www.sbx.com.au/business?id=W1597

Business Code: W1597

Key Features: Good location

State: NSW

Suburb: Haymarket, 2000

Location: Situated on busy main road in heart of Sydney C.B.D.

Description

Restaurant serving a new variety of Korean fried chicken with tasty recipes and meals including tender long chicken, creamy onion chicken, snow cheese chicken, signature fried chicken, sweet and spicy chicken, spring onion chicken and hot fried chicken - Also serves a Korean menu of over 25 dishes including Wagyu bulgogi, braised beef short rib, stir fry pork etc. - live music system on Friday - 120 seats - Licenced serving beer and wine.

Summary

  • Features: Best location. - Spacious and excellent shop fitout.
  • Potential: Suit two family business - owner operation could save on wages - promotion to Chinese and Asian society media could have more young customers
  • Premises: This business has an area of 280 sq.mts.
  • Trading Hours: 6 days - Mon. - Thurs. - 11:30 a.m. - 12:00 p.m.-Fri. - Sat. - 11:00 a.m.- 01:00 a.m.
  • Lease: Current lease expires 20 / 9 / 2020 + 4 years option - 3 months bond - 3% rental increases per year
  • Employees: Fully under management - 4 fulltimers + 6 parttimers
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$32,000

Cost of Goods

$9,600

Gross Profit

$22,400

Rent

$4,559

Wages

$8,495

Telephone

$17

Insurance

$192

Electricity

$500

Gas

$450

Misc1

$187

Total Expenses

$14,400

Estimated Stock (Additional)

$8,000

Net Profit

$8,000

Price

$320,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Chicken - Korean Franchise

Business Code: W1597
Price: $320,000

Key Features: Good location

State: NSW

Suburb: Haymarket, 2000

Location: Situated on busy main road in heart of Sydney C.B.D.

Description

Restaurant serving a new variety of Korean fried chicken with tasty recipes and meals including tender long chicken, creamy onion chicken, snow cheese chicken, signature fried chicken, sweet and spicy chicken, spring onion chicken and hot fried chicken - Also serves a Korean menu of over 25 dishes including Wagyu bulgogi, braised beef short rib, stir fry pork etc. - live music system on Friday - 120 seats - Licenced serving beer and wine.

Summary

  • Features: Best location. - Spacious and excellent shop fitout.
  • Potential: Suit two family business - owner operation could save on wages - promotion to Chinese and Asian society media could have more young customers
  • Premises: This business has an area of 280 sq.mts.
  • Trading Hours: 6 days - Mon. - Thurs. - 11:30 a.m. - 12:00 p.m.-Fri. - Sat. - 11:00 a.m.- 01:00 a.m.
  • Lease: Current lease expires 20 / 9 / 2020 + 4 years option - 3 months bond - 3% rental increases per year
  • Employees: Fully under management - 4 fulltimers + 6 parttimers
  • Sale Reason: Private reasons
  • Comments: Misc. 1: Waste bin and grease trap. - All furniture and equipment are of high quality. - Could change to Bar or Karaoke.- There are two separate private guest rooms - Room 1 ( 20 seats) - Room 2 (14 seats) - Full training available - 5 other locations in Sydney - All stores are successful -
    No franchise fees - Head office supplies fried chicken premium ingredients which is imported from Korea.. Motivate vendor - staff are not aware of sale - please be discreet - A must inspection.

Weekly Summary

Weekly Takings
(inc GST)

$32,000

Cost of Goods

$9,600

Gross Profit

$22,400

Rent (ex GST)

$4,559

Wages

$8,495

Telephone

$17

Insurance

$192

Electricity

$500

Gas

$450

Misc1

$187

Total Expenses

$14,400

Estimated Stock (Additional)

$8,000

Net Profit

$8,000

Price

$320,000

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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.