Visit this listing at https://www.sbx.com.au/business?id=W1756

Business Code: W1756

Key Features: Restaurant - Korean cuisine - Netting $3000 p.w. - Inner West Nsw - Seats 60

State: NSW

Location: Situated in restaurant strip on busy main road close to main Inner West station

Description

Restaurant serving Korean cuisine including seafood, pork belly, Bulgoggi, spicy port set, Garlic pork set, fish cakes, stir fry seafood, mussel soup, also tasty fried chicken with beer. - The venue seats up to 40 people inside and 20 people outside - Full liquor license. - full kitchen, toilet and storage- Lovely staff & outside dining makes an enjoyable dining experience.

Summary

  • Features: Lovely fitout. - Attractive sunny outdoor area. - Regular customers. - Very popular and well known.
  • Potential: Lots of potential for experienced couple to save on wages - Suit any restaurant cuisine- Could open breakfast and lunch. - Could open until midnght with liquor license approved until 12.00)
  • Premises: This business has an area of 120 sq.mts.
  • Trading Hours: 7 days - Mon. - Sun. - 5:00 p.m. - 12:00 midnight
  • Lease: 5 + 5 year lease commenced August, 2019 - 3 months bond- Rent increase 4% per year
  • Employees: 1 owner (assisting chef) + 2 fulltimers + 3 part timers
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$12,500

Cost of Goods

$3,000

Gross Profit

$9,500

Rent

$2,747

Wages

$3,300

Electricity

$172

Gas

$30

Misc1

$251

Total Expenses

$6,500

Estimated Stock (Additional)

$5,000

Net Profit

$3,000

Price

$219,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Korean Cuisine

Business Code: W1756
Price: $219,000

Key Features: Restaurant - Korean cuisine - Netting $3000 p.w. - Inner West Nsw - Seats 60

State: NSW

Location: Situated in restaurant strip on busy main road close to main Inner West station

Description

Restaurant serving Korean cuisine including seafood, pork belly, Bulgoggi, spicy port set, Garlic pork set, fish cakes, stir fry seafood, mussel soup, also tasty fried chicken with beer. - The venue seats up to 40 people inside and 20 people outside - Full liquor license. - full kitchen, toilet and storage- Lovely staff & outside dining makes an enjoyable dining experience.

Summary

  • Features: Lovely fitout. - Attractive sunny outdoor area. - Regular customers. - Very popular and well known.
  • Potential: Lots of potential for experienced couple to save on wages - Suit any restaurant cuisine- Could open breakfast and lunch. - Could open until midnght with liquor license approved until 12.00)
  • Premises: This business has an area of 120 sq.mts.
  • Trading Hours: 7 days - Mon. - Sun. - 5:00 p.m. - 12:00 midnight
  • Lease: 5 + 5 year lease commenced August, 2019 - 3 months bond- Rent increase 4% per year
  • Employees: 1 owner (assisting chef) + 2 fulltimers + 3 part timers
  • Sale Reason: Private reasons
  • Comments: Very busy Friday, Saturday, and Sunday evening - (7:00 pm-11:00 pm) - Current owner opens dinner time only - a lot of potential to open breakfast and lunch.( previous owner ran this business for breakfast and lunch as well) - Motivated vendor - A must inspection - staff are not aware of sale.

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)

$12,500

Cost of Goods

$3,000

Gross Profit

$9,500

Rent (ex GST)

$2,747

Wages

$3,300

Electricity

$172

Gas

$30

Misc1

$251

Total Expenses

$6,500

Estimated Stock (Additional)

$5,000

Net Profit

$3,000

Price

$219,000

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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.