Visit this listing at https://www.sbx.com.au/business?id=W1744

Business Code: W1744

Key Features: Restaurant - Korean Cuisine - North West Sydney

State: NSW

Location: Situated on ground floor of high tower of apartments and offices in North West Sydney.

Description

Restaurant serving a new variety of Korean fried chicken with tasty recipes and meals including tender long chicken, creamy onion chicken, snow cheese chicken, signature fried chicken, sweet and spicy chicken, spring onion chicken and hot fried chicken - Also serves a Korean menu of over 25 dishes including Wagyu bulgogi, braised beef short rib, stir fry pork etc. - Licenced for beer and wine.- 32 seats inside - 30 seats outside.

Summary

  • Features: Prime location - Excellent shop fitout - Bright and sunny.
  • Potential: Suit family business - New owner couple operation could save on wages - Promote to surrounding office towers and residential apartments - Could open 7 days which would increase sales
  • Premises: This business has an area of 100 sq.mts.
  • Trading Hours: 6 days - Mon. - Sat. - 11:00 p.m. - 10:00 p.m.
  • Lease: 4 + 4 year lease from 25th Oct. 2018 - C.P.I. rent increases - 3 months bond.
  • Employees: Fully under management - 1 Manager + 2 full timers + 6 part timers
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$15,500

Cost of Goods

$4,650

Gross Profit

$10,850

Rent

$1,459

Wages

$4,500

Telephone

$25

Insurance

$35

Electricity

$231

Gas

$104

Misc1

$129

Misc2

$167

Total Expenses

$6,650

Estimated Stock (Additional)

$10,000

Net Profit

$4,200

Price

$345,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Korean Cuisine

Business Code: W1744
Price: $345,000

Key Features: Restaurant - Korean Cuisine - North West Sydney

State: NSW

Location: Situated on ground floor of high tower of apartments and offices in North West Sydney.

Description

Restaurant serving a new variety of Korean fried chicken with tasty recipes and meals including tender long chicken, creamy onion chicken, snow cheese chicken, signature fried chicken, sweet and spicy chicken, spring onion chicken and hot fried chicken - Also serves a Korean menu of over 25 dishes including Wagyu bulgogi, braised beef short rib, stir fry pork etc. - Licenced for beer and wine.- 32 seats inside - 30 seats outside.

Summary

  • Features: Prime location - Excellent shop fitout - Bright and sunny.
  • Potential: Suit family business - New owner couple operation could save on wages - Promote to surrounding office towers and residential apartments - Could open 7 days which would increase sales
  • Premises: This business has an area of 100 sq.mts.
  • Trading Hours: 6 days - Mon. - Sat. - 11:00 p.m. - 10:00 p.m.
  • Lease: 4 + 4 year lease from 25th Oct. 2018 - C.P.I. rent increases - 3 months bond.
  • Employees: Fully under management - 1 Manager + 2 full timers + 6 part timers
  • Sale Reason: Too many businesses
  • Comments: This business has not been affected by Covid 19. - Sales are almost the same as before. - Liquor License - On Premise license is active (7 days - 10:00 a.m.-10:00 p.m.) - Misc. -1- water - MIsc.-.2 - Rubbish collection $100, grease trap $36 etc. Full training available - 5 other locations in Sydney - All stores are successful - No franchise fees - Head office supplies fried chicken premium ingredients which is imported from Korea.. Motivate vendor - staff are not aware of sale - please be discreet - A must inspection.

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)

$15,500

Cost of Goods

$4,650

Gross Profit

$10,850

Rent (ex GST)

$1,459

Wages

$4,500

Telephone

$25

Insurance

$35

Electricity

$231

Gas

$104

Misc1

$129

Misc2

$167

Total Expenses

$6,650

Estimated Stock (Additional)

$10,000

Net Profit

$4,200

Price

$345,000

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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.