Visit this listing at https://www.sbx.com.au/business?id=W1626

Business Code: W1626

Key Features: Well known and popular

State: NSW

Suburb: Chatswood

Location: Situated on very busy main shopping street in Lower North Shore close to major shopping centre.

Description

Restaurant serving Korean cuisine BBQ including beef, pork, lamb, etc. plus a Japanese menu. - 120 seats inside - cool room - Licenced.

Summary

  • Features: Well set up - Easy to operate - Top location - Well known -Very popular - Stable business. - Very successful business. - Profitable - Regular customers
  • Potential: Experienced new owners could save on wages. - Could do more promotion.
  • Premises: This restaurant has 2 levels with an area of 400 sq.mts.
  • Trading Hours: 7 days - 11:00 a.m. - 3:00 p.m. + 5:00 p.m. - 11:00 p.m.
  • Lease: 5 years + 5 year lease from 2016 - 6 months bond - C.P.I. rent increases.
  • Employees: Fully under management - 8 full timers + 7 part timers.
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$47,000

Cost of Goods

$12,700

Gross Profit

$34,300

Rent

$5,424

Wages

$14,000

Electricity

$500

Gas

$250

Misc1

$3,126

Total Expenses

$23,300

Estimated Stock (Additional)

$8,000

Net Profit

$11,000

Price

$699,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Korean Cuisine

Business Code: W1626
Price: $699,000

Key Features: Well known and popular

State: NSW

Suburb: Chatswood

Location: Situated on very busy main shopping street in Lower North Shore close to major shopping centre.

Description

Restaurant serving Korean cuisine BBQ including beef, pork, lamb, etc. plus a Japanese menu. - 120 seats inside - cool room - Licenced.

Summary

  • Features: Well set up - Easy to operate - Top location - Well known -Very popular - Stable business. - Very successful business. - Profitable - Regular customers
  • Potential: Experienced new owners could save on wages. - Could do more promotion.
  • Premises: This restaurant has 2 levels with an area of 400 sq.mts.
  • Trading Hours: 7 days - 11:00 a.m. - 3:00 p.m. + 5:00 p.m. - 11:00 p.m.
  • Lease: 5 years + 5 year lease from 2016 - 6 months bond - C.P.I. rent increases.
  • Employees: Fully under management - 8 full timers + 7 part timers.
  • Sale Reason: Private reasons
  • Comments: Rent includes outgoings - In 2017 sales were $2.45 million. - Actual sales can be checked by POS machine for many years. -
    Trading name can be kept for one year after settlement - The name cannot be transferred because of another 2 stores in different areas. - Staff are not aware of sale - please contact through agent.

Weekly Summary

Weekly Takings
(inc GST)

$47,000

Cost of Goods

$12,700

Gross Profit

$34,300

Rent (ex GST)

$5,424

Wages

$14,000

Electricity

$500

Gas

$250

Misc1

$3,126

Total Expenses

$23,300

Estimated Stock (Additional)

$8,000

Net Profit

$11,000

Price

$699,000

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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.