Inner West
NSW
$95,000
Restaurant - Korean Cuisine - TakeawayPrice: $189,000Net Profit: $7,500 |
Visit this listing at https://www.sbx.com.au/business?id=W1887 |
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Business Code: W1887 Key Features: Korean Fusion Restaurant - Under Management - Net over $7k pw - Syd CBD State: NSW Location: Situated in the heart of Sydney CBD business district. DescriptionKorean fusion restaurant featuring an extensive range of Korean and Chinese entrees, soups, noodles and rice dishes such as sweet & sour pork, seafood Jampong, prawn and egg fried rice, garlic chilli chicken, creamy prawns, hot chilli chicken, stir fried garlic bokchoy, noodle bowls, etc.- Its greatest hits include generous sizes and reasonable prices. Menu features 40 plus dishes, - There are also set menus, starting from $29 per person as well as a selection of wine, Chinese and Korean liquor, rice wine and Asian and Australian beers.- 72 seats - liquor license - cool room 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)$30,000Cost of Goods$7,500Gross Profit$22,500Rent$3,978Wages$10,000Electricity$250Gas$300Misc1$472Total Expenses$15,000Estimated Stock (Additional)$7,000Net Profit$7,500Price$189,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Restaurant - Korean Cuisine - Takeaway
Business Code: W1887Price: $189,000
+ Estimated Stock (SAV) $7,000
Key Features: Korean Fusion Restaurant - Under Management - Net over $7k pw - Syd CBD
State: NSW
Location: Situated in the heart of Sydney CBD business district.
Business Overview
Korean fusion restaurant featuring an extensive range of Korean and Chinese entrees, soups, noodles and rice dishes such as sweet & sour pork, seafood Jampong, prawn and egg fried rice, garlic chilli chicken, creamy prawns, hot chilli chicken, stir fried garlic bokchoy, noodle bowls, etc.- Its greatest hits include generous sizes and reasonable prices. Menu features 40 plus dishes, - There are also set menus, starting from $29 per person as well as a selection of wine, Chinese and Korean liquor, rice wine and Asian and Australian beers.- 72 seats - liquor license - cool room
Summary
- Key Features: Best location in Central Business District. close to Sydney University City campus and close to World Square.- Many regular customers, - Well known, Famous Fusion Restaurant for 17 years.
- Potential: Extension of working hours could increase sales - Possibly change to Chinese, Thai or Vietnamese cuisine menu. - There are a lot of International students and Asian families living nearby.
- Premises: This well known Korean fusion restaurant has an area of 100 sq. mts.
- Trading Hours: 7 days - Monday to Sunday: 11:00 a.m to 9:00 p.m.
- Lease: Current lease expires January 2032 - 3 months bond - rent increase by 4% per year.
- Employees: Fully under Management - 3 full timers + 3 part timers
- Sale Reason: After 17years business owner wants to retire
- Comments:
All equipment belongs to business. Successful, good reputation fusion restaurant. Low price for quick sale. Motivated vendor. A must inspection.- Another branch of the same restaurant in Haymarket is also for sale, Check the SBX website Code number W1886. Staff are not aware, inspections only through your broker.
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
$30,000
Cost of Goods
$7,500
Gross Profit
$22,500
Rent (ex GST)
$3,978
Wages
$10,000
Electricity
$250
Gas
$300
Misc1
$472
Total Expenses
$15,000
Estimated Stock (Additional)
$7,000
Net Profit
$7,500
Price
$189,000
+ Estimated Stock (SAV) $7,000
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All business and financial information provided is supplied by the vendor. SBX Business Brokers does not verify, adjust or interpret financial data. Buyers must rely on their own enquiries and independent professional advice. SBX Business Brokers accepts no liability for decisions made based on vendor-supplied information.