Inner West
NSW
$129,000
Restaurant - Korean Cuisine - TakeawayPrice: $299,000Net Profit: $7,500 |
Visit this listing at https://www.sbx.com.au/business?id=W1812 |
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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 DescriptionRestaurant 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
Weekly SummaryWeekly Takings (inc GST)$30,000Cost of Goods$10,500Gross Profit$19,500Rent$2,077Wages$8,500Outgoings$200Electricity$154Gas$100Misc1$200Misc2$769Total Expenses$12,000Estimated Stock (Additional)$8,000Net Profit$7,500Price$299,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Restaurant - Korean Cuisine - Takeaway
Business Code: W1812Price: $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.
