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

Business Code: W1770

Key Features: Korean Restaurant - North West shopping centre - Takings $24,000 p.w.

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 a.m. - Top class equipment - 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.
  • Potential: Could trade up to 7 days - current owner closes on Monday. - 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: 6 days - 11:00 a.m. - 3:00 p.m - 5:00 p.m. - 8:40 p.m.- closed Mon.
  • Lease: 7 years lease from November, 2020 - Rent increases 5% per year - 4 months bond. (No guarantor needed)
  • Employees: 1 owner + 2 full timers , + 3 part timers
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$24,000

Cost of Goods

$6,400

Gross Profit

$17,600

Rent

$1,736

Wages

$5,609

Outgoings

$476

Telephone

$40

Electricity

$800

Gas

$800

Misc1

$85

Misc2

$54

Total Expenses

$9,600

Estimated Stock (Additional)

$7,000

Net Profit

$8,000

Price

$650,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Korean Cuisine

Business Code: W1770
Price: $650,000
+ Estimated SAV $7,000

Key Features: Korean Restaurant - North West shopping centre - Takings $24,000 p.w.

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 a.m. - Top class equipment - 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.
  • Potential: Could trade up to 7 days - current owner closes on Monday. - 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: 6 days - 11:00 a.m. - 3:00 p.m - 5:00 p.m. - 8:40 p.m.- closed Mon.
  • Lease: 7 years lease from November, 2020 - Rent increases 5% per year - 4 months bond. (No guarantor needed)
  • Employees: 1 owner + 2 full timers , + 3 part timers
  • Sale Reason: Private reasons
  • Comments: Misc.- 1 - Storage / week. - Before Covid 19 sales were an average of $32,000 p.w. - Sales are now growing very good review on google (4.5), - rare opportunity - owner willing to give training and recipes. - Staff are not aware of sale so please be discreet - inspection contact agent, by appointment only.

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

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings

$24,000

Cost of Goods

$6,400

Gross Profit

$17,600

Rent (ex GST)

$1,736

Wages

$5,609

Outgoings

$476

Telephone

$40

Electricity

$800

Gas

$800

Misc1

$85

Misc2

$54

Total Expenses

$9,600

Estimated Stock (Additional)

$7,000

Net Profit

$8,000

Price

$650,000
+ Estimated SAV $7,000

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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.