Visit this listing at https://www.sbx.com.au/business?id=W1743

Business Code: W1743

Key Features: Korean cuisine - Established 25 years - Urgent sale - Vendors retiring

State: NSW

Location: Commercial and residential area on main road in Western Suburbs

Description

Restaurant serving Korean cuisine BBQ buffet since 1995. - Variety of premium meats such as lightly marinated Scotch Fillet, marinated pork belly, marinated chicken, ox tongue, liver, seafood. - Selected wines and beers. - 114 seats inside - big commercial kitchen with cool room and storage - Fully licensed - Currently receiving $467 p.w. Covid 19 rent rebate. ( normal rent is $1,657 p.w.)

Summary

  • Features: Over 25 yrs. in same location - Good reputation - Well known - Regular customers - Excellent spacious fit out. - No competition. - Simple to run.
  • Potential: Experienced couple could save on wages.- suit family business. - current owner does not do Uber or Menulog home delivery which would increase sales.
  • Premises: This business has an area of 300 sq.mts.
  • Trading Hours: 7 days - Lunch - 12:00 - 3:00 p.m. Weekends only- Dinner - 5:00 p.m.- 10:30 p.m.
  • Lease: New 3 year lease available - No bond - No rent increases.
  • Employees: Owner (Manager only) + 2 fulltimers + 2 parttimers + 2 casuals.
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$20,000

Cost of Goods

$6,300

Gross Profit

$13,700

Rent

$1,190

Wages

$4,000

Electricity

$200

Gas

$40

Misc1

$20

Misc2

$950

Total Expenses

$6,400

Estimated Stock (Additional)

$10,000

Net Profit

$7,300

Price

$53,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Korean Cuisine

Business Code: W1743
Price: $53,000

Key Features: Korean cuisine - Established 25 years - Urgent sale - Vendors retiring

State: NSW

Location: Commercial and residential area on main road in Western Suburbs

Description

Restaurant serving Korean cuisine BBQ buffet since 1995. - Variety of premium meats such as lightly marinated Scotch Fillet, marinated pork belly, marinated chicken, ox tongue, liver, seafood. - Selected wines and beers. - 114 seats inside - big commercial kitchen with cool room and storage - Fully licensed - Currently receiving $467 p.w. Covid 19 rent rebate. ( normal rent is $1,657 p.w.)

Summary

  • Features: Over 25 yrs. in same location - Good reputation - Well known - Regular customers - Excellent spacious fit out. - No competition. - Simple to run.
  • Potential: Experienced couple could save on wages.- suit family business. - current owner does not do Uber or Menulog home delivery which would increase sales.
  • Premises: This business has an area of 300 sq.mts.
  • Trading Hours: 7 days - Lunch - 12:00 - 3:00 p.m. Weekends only- Dinner - 5:00 p.m.- 10:30 p.m.
  • Lease: New 3 year lease available - No bond - No rent increases.
  • Employees: Owner (Manager only) + 2 fulltimers + 2 parttimers + 2 casuals.
  • Sale Reason: Retiring after 25 years in same business
  • Comments: Very well known BBQ Buffet Restaurant.- Rent includes outgoings and GST. - Financials available. - Owner willing to give training and recipes. - Motivated vendor - 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)

$20,000

Cost of Goods

$6,300

Gross Profit

$13,700

Rent (ex GST)

$1,190

Wages

$4,000

Electricity

$200

Gas

$40

Misc1

$20

Misc2

$950

Total Expenses

$6,400

Estimated Stock (Additional)

$10,000

Net Profit

$7,300

Price

$53,000

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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.