Visit this listing at https://www.sbx.com.au/business?id=W1661

Business Code: W1661

Key Features: Well known and popular - Profit $8500 p.w.

State: NSW

Suburb: Strathfield, 2135

Location: Situated on busy main road in Inner West.

Description

Restaurant serving traditional Korean cuisine including cold noodles, hot noodles, dongus bossam, fried chicken, ducckbokki, stews etc. - 80 seats inside - 20 seats outside. - Liquor license until 10:00 p.m. - High quality kitchen equipment including automatic food processing machines imported from Korea.

Summary

  • Features: Very popular well known Korean restaurant - Simple menu - Experienced chef not required as no heavy cooking.
  • Potential: Experienced new couple could save on wages - Could extend opening hours.
  • Premises: This business has an area of 120 sq.mts.
  • Trading Hours: 7 days - Mon. - Sun. - 10:00 a.m. - 10:00 p.m.
  • Lease: New 5 + 5 year lease available. - 3 months bond - 4% rent increases per year.
  • Employees: Under full Management - 4 fulltimers + 3 parttimers
  • Comments: Rare to see such a successful Korean restaurant business - First time on the market in 8 years. - All equipment owned including POS machine. - Very popular amongst the Korean and Chinese customers - All sales records available - Motivated vendor - Staff are not aware - Please be discreet. - A must inspection

Weekly Summary

Weekly Takings (inc GST)

$28,000

Cost of Goods

$7,800

Gross Profit

$20,200

Rent

$3,215

Wages

$7,500

Outgoings

$288

Electricity

$420

Gas

$166

Misc1

$111

Total Expenses

$11,700

Estimated Stock (Additional)

$7,000

Net Profit

$8,500

Price

$350,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Korean Cuisine

Business Code: W1661
Price: $350,000

Key Features: Well known and popular - Profit $8500 p.w.

State: NSW

Suburb: Strathfield, 2135

Location: Situated on busy main road in Inner West.

Description

Restaurant serving traditional Korean cuisine including cold noodles, hot noodles, dongus bossam, fried chicken, ducckbokki, stews etc. - 80 seats inside - 20 seats outside. - Liquor license until 10:00 p.m. - High quality kitchen equipment including automatic food processing machines imported from Korea.

Summary

  • Features: Very popular well known Korean restaurant - Simple menu - Experienced chef not required as no heavy cooking.
  • Potential: Experienced new couple could save on wages - Could extend opening hours.
  • Premises: This business has an area of 120 sq.mts.
  • Trading Hours: 7 days - Mon. - Sun. - 10:00 a.m. - 10:00 p.m.
  • Lease: New 5 + 5 year lease available. - 3 months bond - 4% rent increases per year.
  • Employees: Under full Management - 4 fulltimers + 3 parttimers
  • Comments: Rare to see such a successful Korean restaurant business - First time on the market in 8 years. - All equipment owned including POS machine. - Very popular amongst the Korean and Chinese customers - All sales records available - Motivated vendor - Staff are not aware - Please be discreet. - A must inspection

Weekly Summary

Weekly Takings
(inc GST)

$28,000

Cost of Goods

$7,800

Gross Profit

$20,200

Rent (ex GST)

$3,215

Wages

$7,500

Outgoings

$288

Electricity

$420

Gas

$166

Misc1

$111

Total Expenses

$11,700

Estimated Stock (Additional)

$7,000

Net Profit

$8,500

Price

$350,000

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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.