Visit this listing at https://www.sbx.com.au/business?id=W1742

Business Code: W1742

Key Features: Very popular well known restaurant - Netting $18,000 p.w.

State: NSW

Location: Situated on busy main road in Inner West

Description

Restaurant - takeaway serving Korean BBQ menu, chefs special menu, Korean style teppanyaki (13 different menus), seafood, vegetables, hot pots, variety of hot-stone bibimbap, 8 kinds of noodles menu, Bulgogi, soups, entrees - Liquor license until 12:00 mid night - big commercial kitchen with cool room and storage- 88 seats inside.

Summary

  • Features: Very popular well known Korean Restaurant - Good reputation - Regular customers.- High profit business. - Coronavirus pandemic has not affected sales.
  • Potential: Open early morning - could sell breakfast. Market more to Korean customers.
  • Premises: This business has an area of 220 sq. mts.
  • Trading Hours: 7 days - Mon. - Sun. - 11:00 a.m. - 12:00 mid night.
  • Lease: Current lease expires July, 2028 - 3% rent increases - 3 months bond
  • Employees: 2 owners + 3 full timers + 6 part timers
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$40,000

Cost of Goods

$10,368

Gross Profit

$29,632

Rent

$2,868

Wages

$8,000

Electricity

$180

Gas

$100

Misc1

$484

Total Expenses

$11,632

Estimated Stock (Additional)

$9,500

Net Profit

$18,000

Price

$599,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Takeaway - Korean Cuisine

Business Code: W1742
Price: $599,000

Key Features: Very popular well known restaurant - Netting $18,000 p.w.

State: NSW

Location: Situated on busy main road in Inner West

Description

Restaurant - takeaway serving Korean BBQ menu, chefs special menu, Korean style teppanyaki (13 different menus), seafood, vegetables, hot pots, variety of hot-stone bibimbap, 8 kinds of noodles menu, Bulgogi, soups, entrees - Liquor license until 12:00 mid night - big commercial kitchen with cool room and storage- 88 seats inside.

Summary

  • Features: Very popular well known Korean Restaurant - Good reputation - Regular customers.- High profit business. - Coronavirus pandemic has not affected sales.
  • Potential: Open early morning - could sell breakfast. Market more to Korean customers.
  • Premises: This business has an area of 220 sq. mts.
  • Trading Hours: 7 days - Mon. - Sun. - 11:00 a.m. - 12:00 mid night.
  • Lease: Current lease expires July, 2028 - 3% rent increases - 3 months bond
  • Employees: 2 owners + 3 full timers + 6 part timers
  • Sale Reason: Retiring after 30 years in hospitality business
  • Comments: Misc.-1- Water and outgoings approx. $484 p.w. - Liquor purchasse amount to approx. $3,000 p.w. - At present business is very busy so have stopped Uber deliveries - sales shown exclude Uber delivery. - Stock includes frozen food, meats, wine, beer, Soju - Motivated vendor -staff are not aware os sale so please be discreet - A must inspection.- Before inspection please contact agent.

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Weekly Takings
(inc GST)

$40,000

Cost of Goods

$10,368

Gross Profit

$29,632

Rent (ex GST)

$2,868

Wages

$8,000

Electricity

$180

Gas

$100

Misc1

$484

Total Expenses

$11,632

Estimated Stock (Additional)

$9,500

Net Profit

$18,000

Price

$599,000

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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.