Visit this listing at https://www.sbx.com.au/business?id=W1718

Business Code: W1718

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

$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

Contact SBX

NSW (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

 Print

Enquire about this listing



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.