Inner West
NSW
$119,000
Restaurant - Korean CuisinePrice: $139,000Net Profit: $2,400 |
Visit this listing at https://www.sbx.com.au/business?id=W1718 |
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Business Code: W1718 Key Features: Well established - Prime CBD location State: NSW Location: Situated in the middle of Sydnery CBD. DescriptionRestaurant serving a variety of delicious fusion style Korean cuisine and Chef's special menu, Korean cuisine, stir frys and hot plates, hot pot, fried chicken, drinks, Korean rice wine, soju etc. - A large full kitchen with cool room on 3rd floor and food lift established.- Liquor license obtained. - 98 seats inside. Summary
Weekly SummaryWeekly Takings (inc GST)$17,000Cost of Goods$4,500Gross Profit$12,500Rent$4,615Wages$5,000Electricity$330Gas$155Total Expenses$10,100Estimated Stock (Additional)$3,000Net Profit$2,400Price$139,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Restaurant - Korean Cuisine
Business Code: W1718
Price: $139,000
Key Features: Well established - Prime CBD location
State: NSW
Location: Situated in the middle of Sydnery CBD.
Description
Restaurant serving a variety of delicious fusion style Korean cuisine and Chef's special menu, Korean cuisine, stir frys and hot plates, hot pot, fried chicken, drinks, Korean rice wine, soju etc. - A large full kitchen with cool room on 3rd floor and food lift established.- Liquor license obtained. - 98 seats inside.
Summary
- Features: Prime location in CBD - Regular customers- Run under management. - Well known Korean restaurant in Sydney.- Spacious premises
- Potential: Fully under management- Experienced couple could save on wages.- Add outdoor seats subject to council approval - Extend opening times - Suits all types of Asian cuisine
- Premises: This business has an area of 200 sq.mts. and has 3 floors including kitchen on 3rd floor.
- Trading Hours: 7 nights - Mon. - Sun. - 5:00 p.m. - 1:00 a.m.
- Lease: New 5 + 5 year lease from 1st December, 2019 - 4% rent increases - Bond 3 months
- Employees: Fully under management - 1 full timer + 4 - 8 parttimers.
- Comments: Very popular restaurant amongst the young Asian people - Last year sales were $827,000 + Uber sales $200,000 totalling $1,027,000. - Council approved opening hour until 4:00 a.m. - Rent includes outgoings. - A lot of potential - Owner works full time in a company. Motivated vendor, A must inspection. - " Urgent sale " price negotiable.
Weekly Summary
Weekly Takings
(inc GST)
$17,000
Cost of Goods
$4,500
Gross Profit
$12,500
Rent (ex GST)
$4,615
Wages
$5,000
Electricity
$330
Gas
$155
Total Expenses
$10,100
Estimated Stock (Additional)
$3,000
Net Profit
$2,400
Price
$139,000
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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.
