Visit this listing at https://www.sbx.com.au/business?id=W1715

Business Code: W1715

Key Features: Takings $39,000 - Profit $12,000 p.w. - Very successful business

State: NSW

Location: Situated on main road in centre of suburb in Inner West

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 - Very successful business. - Profitable - Regular customers
  • Potential: Experienced new owner could save on wages - could do more promotion
  • Premises: This business has an area of 300 sq.mts.
  • Trading Hours: 7 days - Mon. - Sun. - 11:00 a.m.- 10:30 p.m.
  • Lease: Current lease expires Nov. 2024 - 3 months bond - C.P.I. rent increases.
  • Employees: Under management - 3 full timers + 6 part timers
  • Comments: Rent includes outgoings - In 2018 sales were $2 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 make contact through agent.

Weekly Summary

Weekly Takings (inc GST)

$39,000

Cost of Goods

$11,700

Gross Profit

$27,300

Rent

$2,308

Wages

$11,000

Electricity

$300

Gas

$250

Misc1

$1,442

Total Expenses

$15,300

Estimated Stock (Additional)

$10,000

Net Profit

$12,000

Price

$600,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Korean Cuisine

Business Code: W1715
Price: $600,000

Key Features: Takings $39,000 - Profit $12,000 p.w. - Very successful business

State: NSW

Location: Situated on main road in centre of suburb in Inner West

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 - Very successful business. - Profitable - Regular customers
  • Potential: Experienced new owner could save on wages - could do more promotion
  • Premises: This business has an area of 300 sq.mts.
  • Trading Hours: 7 days - Mon. - Sun. - 11:00 a.m.- 10:30 p.m.
  • Lease: Current lease expires Nov. 2024 - 3 months bond - C.P.I. rent increases.
  • Employees: Under management - 3 full timers + 6 part timers
  • Comments: Rent includes outgoings - In 2018 sales were $2 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 make contact through agent.

Weekly Summary

Weekly Takings
(inc GST)

$39,000

Cost of Goods

$11,700

Gross Profit

$27,300

Rent (ex GST)

$2,308

Wages

$11,000

Electricity

$300

Gas

$250

Misc1

$1,442

Total Expenses

$15,300

Estimated Stock (Additional)

$10,000

Net Profit

$12,000

Price

$600,000

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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.