Visit this listing at https://www.sbx.com.au/business?id=W1812

Business Code: W1812

Key Features: Popular Korean restaurant - Inner West - Takings $30,000 p.w.

State: NSW

Location: Prime location on eatery street with restaurants, cafes, shops in Inner West

Description

Restaurant serving Korean cuisine including Korean set menu, beef bibimbap, kimchi stew, noodles, jokbal, soup, braised Monkfish in spicy sauce, braised spicy assorted kinds of seafood, rice meals, 10 kinds of hot pot including stone pot bibimbap, seafood pancakes, fried and boiled dumplings etc. - Full kitchen - 44 seats inside - 12 seats outside.

Summary

  • Features: Very famous Korean restaurant - Good menu with tasty variety of Korean cuisine- Regular customers - Stable business.
  • Potential: Could obtain Liquor license (STA) - Convert to BBQ restaurant - Have functions upstairs - Open for home delivery such as Menulog or Uber (current owner does not do this service) Advertise through internet media.
  • Premises: This business has an area of 200 sq.mts. including backyard with upstairs function or group meetings possible.
  • Trading Hours: 7 days - Mon. - Sun. - 10:00 a.m. - 10:00 p.m.
  • Lease: Current lease expires August, 2026 + 5 yrs option - 6 month bond - Rent increases 5% per year
  • Employees: 2 owners + 5 full timers + 2 parttimers
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$30,000

Cost of Goods

$10,500

Gross Profit

$19,500

Rent

$2,077

Wages

$8,500

Outgoings

$200

Electricity

$154

Gas

$100

Misc1

$200

Misc2

$769

Total Expenses

$12,000

Estimated Stock (Additional)

$8,000

Net Profit

$7,500

Price

$299,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Korean Cuisine - Takeaway

Business Code: W1812
Price: $299,000
+ Estimated SAV $8,000

Key Features: Popular Korean restaurant - Inner West - Takings $30,000 p.w.

State: NSW

Location: Prime location on eatery street with restaurants, cafes, shops in Inner West

Parking: A lot of street parking.

Description

Restaurant serving Korean cuisine including Korean set menu, beef bibimbap, kimchi stew, noodles, jokbal, soup, braised Monkfish in spicy sauce, braised spicy assorted kinds of seafood, rice meals, 10 kinds of hot pot including stone pot bibimbap, seafood pancakes, fried and boiled dumplings etc. - Full kitchen - 44 seats inside - 12 seats outside.

Summary

  • Features: Very famous Korean restaurant - Good menu with tasty variety of Korean cuisine- Regular customers - Stable business.
  • Potential: Could obtain Liquor license (STA) - Convert to BBQ restaurant - Have functions upstairs - Open for home delivery such as Menulog or Uber (current owner does not do this service) Advertise through internet media.
  • Premises: This business has an area of 200 sq.mts. including backyard with upstairs function or group meetings possible.
  • Trading Hours: 7 days - Mon. - Sun. - 10:00 a.m. - 10:00 p.m.
  • Lease: Current lease expires August, 2026 + 5 yrs option - 6 month bond - Rent increases 5% per year
  • Employees: 2 owners + 5 full timers + 2 parttimers
  • Sale Reason: Private reasons
  • Comments: Misc. - 1 - $200 p.w. includes outgoings, Land Tax, water, council rates ( approx. $10,000 per year) - Equipment belongs to Landlord. - Very well known amongst the Asian community. - Motivated vendor - A must inspection - Staff are not aware of sale so please be discreet - Before inspection please contact agent. - Owner willing to give training and recipes.

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

$30,000

Cost of Goods

$10,500

Gross Profit

$19,500

Rent (ex GST)

$2,077

Wages

$8,500

Outgoings

$200

Electricity

$154

Gas

$100

Misc1

$200

Misc2

$769

Total Expenses

$12,000

Estimated Stock (Additional)

$8,000

Net Profit

$7,500

Price

$299,000
+ Estimated SAV $8,000

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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.