Visit this listing at https://www.sbx.com.au/business?id=W1770

Business Code: W1770

Key Features: Korean Restaurant - North West - Sales $33,000 p.w. - Netting over $9,600 pw

State: NSW

Location: Prime location in foodcourt of major North West shopping centre surrounded by large apartment buildings.

Description

Restaurant serving Korean cuisine including whole garlic soy chicken, Korean Royal Court stir fried rice cake, whole fried chicken. shallot pancake, beef bibimbab, kimchi stew with pork, spicy squid, pork bulgogi, ginseng chicken soup, spicy sausage hot pot, fish roe hot pot etc. The venue seats 30 inside and food court seats. Full liquor license until 3:00 am. Top class equipment with a full kitchen.

Summary

  • Features: Excellent fit out - Brilliant modern interior. - Great location, - No competition - Good reputation and review. - Unique opportunity - Profitable - Nothing to spend. - Good working conditions and environment. -Under management
  • Potential: Could trade up to 7 days, current owner closes on Mon. and Tues. An enthusiastic owner operator or couple could increase sales and profit. Do more promotion. Huge apartments are near this business.
  • Premises: This business has an area of 90 sq. mts.
  • Trading Hours: 5 days - 11:00 a.m. - 3:00 p.m - 5:00 p.m. - 8:40 p.m.- closed Mon. and Tues.
  • Lease: 7 years lease from November, 2020. - Rent increases 5% per year. - 4 months bond. (No guarantor needed)
  • Employees: 3 full timers + 5 part timers - Fully under management
  • Sale Reason: Private reasons
  • Comments: Misc. 1 = Storage / week. Very good reviews on Google (4.5). - Current sales range from $32,000 to $35,000 p.w. - Rare opportunity. Owner willing to give training and recipes. Staff are not aware of sale so please be discreet. Inspection by appointment only, please contact your agent.

Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale.

Weekly Summary

Weekly Takings (inc GST)

$33,000

Cost of Goods

$9,900

Gross Profit

$23,100

Rent

$2,685

Wages

$10,000

Telephone

$30

Insurance

$50

Electricity

$350

Gas

$220

Misc1

$85

Total Expenses

$13,420

Net Profit

$9,680

Price

$445,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Korean Cuisine

Business Code: W1770
Price: $445,000

Key Features: Korean Restaurant - North West - Sales $33,000 p.w. - Netting over $9,600 pw

State: NSW

Location: Prime location in foodcourt of major North West shopping centre surrounded by large apartment buildings.

Business Overview

Restaurant serving Korean cuisine including whole garlic soy chicken, Korean Royal Court stir fried rice cake, whole fried chicken. shallot pancake, beef bibimbab, kimchi stew with pork, spicy squid, pork bulgogi, ginseng chicken soup, spicy sausage hot pot, fish roe hot pot etc. The venue seats 30 inside and food court seats. Full liquor license until 3:00 am. Top class equipment with a full kitchen.

Summary

  • Key Features: Excellent fit out - Brilliant modern interior. - Great location, - No competition - Good reputation and review. - Unique opportunity - Profitable - Nothing to spend. - Good working conditions and environment. -Under management
  • Potential: Could trade up to 7 days, current owner closes on Mon. and Tues. An enthusiastic owner operator or couple could increase sales and profit. Do more promotion. Huge apartments are near this business.
  • Premises: This business has an area of 90 sq. mts.
  • Trading Hours: 5 days - 11:00 a.m. - 3:00 p.m - 5:00 p.m. - 8:40 p.m.- closed Mon. and Tues.
  • Lease: 7 years lease from November, 2020. - Rent increases 5% per year. - 4 months bond. (No guarantor needed)
  • Employees: 3 full timers + 5 part timers - Fully under management
  • Sale Reason: Private reasons
  • Comments: Misc. 1 = Storage / week. Very good reviews on Google (4.5). - Current sales range from $32,000 to $35,000 p.w. - Rare opportunity. Owner willing to give training and recipes. Staff are not aware of sale so please be discreet. Inspection by appointment only, please contact your agent.

Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings

$33,000

Cost of Goods

$9,900

Gross Profit

$23,100

Rent (ex GST)

$2,685

Wages

$10,000

Telephone

$30

Insurance

$50

Electricity

$350

Gas

$220

Misc1

$85

Total Expenses

$13,420

Net Profit

$9,680

Price

$445,000

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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.