North West Sydney
NSW
$230,000
Restaurant - Korean BBQ CuisinePrice: $350,000Net Profit: $7,878 |
Visit this listing at https://www.sbx.com.au/business?id=W1884 |
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Business Code: W1884 Key Features: Korean BBQ restaurant - South Sydney- Netting over $7,800 p.w.- Urgent sale State: NSW Suburb: Canley Heights, 2166 Location: Local icon located on busy main commercial road in .South Sydney area DescriptionModern successful restaurant serving Korean BBQ. - This establishment seamlessly blends modernity with Korean traditions, featuring a rustic brick wall interior softly illuminated by ambient lighting. The menu has an array of delights from Wagyu sets to premium wagyu beef and pork options, Korean fried chicken, 10 special bibimbab choices and an assortment of noodles cater to diverse tastes. This expansive restaurant exudes a vibrant energy, it is illuminated by abundant natural light streaming through sliding windows that welcome fresh air. The well maintained equipment stands ready for its new owner and with buffets on the rise, this establishment is ideally suited to offer a buffet experience - BBQ tables with 96 seats inside - Licenced. Summary
Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale. 
Weekly SummaryWeekly Takings (inc GST)$20,000Cost of Goods$6,000Gross Profit$14,000Rent$3,160Wages$1,600Outgoings$341Telephone$25Insurance$90Electricity$800Gas$76Misc1$30Total Expenses$6,122Estimated Stock (Additional)$10,000Net Profit$7,878Price$350,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Restaurant - Korean BBQ Cuisine
Business Code: W1884Price: $350,000
+ Estimated Stock (SAV) $10,000
Key Features: Korean BBQ restaurant - South Sydney- Netting over $7,800 p.w.- Urgent sale
State: NSW
Suburb: Canley Heights, 2166
Location: Local icon located on busy main commercial road in .South Sydney area
Description
Modern successful restaurant serving Korean BBQ. - This establishment seamlessly blends modernity with Korean traditions, featuring a rustic brick wall interior softly illuminated by ambient lighting. The menu has an array of delights from Wagyu sets to premium wagyu beef and pork options, Korean fried chicken, 10 special bibimbab choices and an assortment of noodles cater to diverse tastes. This expansive restaurant exudes a vibrant energy, it is illuminated by abundant natural light streaming through sliding windows that welcome fresh air. The well maintained equipment stands ready for its new owner and with buffets on the rise, this establishment is ideally suited to offer a buffet experience - BBQ tables with 96 seats inside - Licenced.
Summary
- Features: Prime location. Absolutely no competition Korean BBQ. A good quality local restaurant. Popular and well known for service and quality food. Loyal clientele. Good shop brand reputation. Good lease. Low rent. Excellent BBQ tables fitout.
- Potential: Fantastic opportunity to own an established and extremely successful profitable business. Suits family business or partnership. Current owner opens dinner only (new owner could open lunch and increase sales) Can open home delivery, catering. More marketing on social media.
- Premises: Unique style design and very well presented restaurant with a ground floor area of 280 sq. mts. and a total area of approx. 400 sq.mts. which includes 2 rooms upstairs with kitchen and toilet.
- Trading Hours: 7 days - Monday to Sunday: 5:30 pm to 10:00 pm. Open dinner only
- Lease: Current lease expires July 2027 + 7 yrs. option - Rent increases by C.P.I. - Bond 3 months.
- Employees: 2 owner chefs (2 family members) + 3 part timers
- Sale Reason: Mother is over 70 yrs, and needs a rest after 30 yrs work.
- Comments: Not a franchise. successful korean BBQ, Current owner opens dinner only, when they opened for lunch sales were 30% more. Shop was recently renovated, refurbished shop floor as well. - Looks like a brand new shop. Upstairs could be rented out ( expected rent of $400.w.) for living or warehouse. Motivate vendor after 30 yrs - Staff are not aware. Inspections only through your broker. Eftpos lease $120 per month. equipment not included - dumpling machine, 1 big container, 1 refrigerator, steamer.
2 page Confidentiality Agreement needs to be completed prior to receiving any information. - Urgent sale
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
$20,000
Cost of Goods
$6,000
Gross Profit
$14,000
Rent (ex GST)
$3,160
Wages
$1,600
Outgoings
$341
Telephone
$25
Insurance
$90
Electricity
$800
Gas
$76
Misc1
$30
Total Expenses
$6,122
Estimated Stock (Additional)
$10,000
Net Profit
$7,878
Price
$350,000
+ Estimated Stock (SAV) $10,000
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