Visit this listing at https://www.sbx.com.au/business?id=W1955

Business Code: W1955

Key Features: Korean & Japanese Cuisine - Netting over $10,000 p.w. - Inner West

State: NSW

Location: Situated in shopping centre food court in the Inner West.

Description

Famous restaurant offering a blend of authentic Korean and Japanese cuisines. The menu features a diverse selection, including sushi, bento boxes, udon, yakisoba, stone pot rice, and bibimbaps, catering to a variety of tastes. Patrons often praise the stone pot rice dishes, which combine both culinary styles into a mouthwatering experience. The restaurant's welcoming and relaxed atmosphere makes it an ideal spot for casual gatherings or family meals. With generous portion sizes and affordable prices the restaurant provides a satisfying dining experience for all.- 46 seats inside.

Summary

  • Features: Same owner for 24 years with good reputation. Top location. Excellent food with good prices. A good size restaurant. Long term stable business with an extensive menu of Japanese and Korean food.
  • Potential: Perfect opportunity for a motivated owner-operator or an experienced couple to step in and reduce wage costs, and increase profitability. Huge potential to expand catering services and boost local marketing.
  • Premises: This long term Korean Restaurant has an area of 100 sq. mts.
  • Trading Hours: 7 days - Monday - Sunday - 10:30 a.m. - 8:00 p.m.
  • Lease: Current lease expires April, 2027 + 2 yrs option - Bond $60,000, - No rent increases
  • Employees: 1 owner part time + 2 full timers + 5 part timers
  • Sale Reason: Private reasons
  • Comments: Rent includes outgoings - Misc.-1.- POS machine rental $8.50 p.w. - Current uber sales approx. $3000 p.w.- After 24 years operating the same business, vendor wants to retire. - A must inspection. Staff not aware - Inspections only through your SBX 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

Weekly Takings (inc GST)

$36,941

Cost of Goods

$11,081

Gross Profit

$25,860

Rent

$3,780

Wages

$11,000

Telephone

$40

Insurance

$105

Electricity

$493

Gas

$398

Misc1

$9

Total Expenses

$15,825

Estimated Stock (Additional)

$8,000

Net Profit

$10,035

Price

$559,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Korean & Japanese Cuisine

Business Code: W1955
Price: $559,000
+ Estimated Stock (SAV) $8,000

Key Features: Korean & Japanese Cuisine - Netting over $10,000 p.w. - Inner West

State: NSW

Location: Situated in shopping centre food court in the Inner West.

Business Overview

Famous restaurant offering a blend of authentic Korean and Japanese cuisines. The menu features a diverse selection, including sushi, bento boxes, udon, yakisoba, stone pot rice, and bibimbaps, catering to a variety of tastes. Patrons often praise the stone pot rice dishes, which combine both culinary styles into a mouthwatering experience. The restaurant's welcoming and relaxed atmosphere makes it an ideal spot for casual gatherings or family meals. With generous portion sizes and affordable prices the restaurant provides a satisfying dining experience for all.- 46 seats inside.

Summary

  • Key Features: Same owner for 24 years with good reputation. Top location. Excellent food with good prices. A good size restaurant. Long term stable business with an extensive menu of Japanese and Korean food.
  • Potential: Perfect opportunity for a motivated owner-operator or an experienced couple to step in and reduce wage costs, and increase profitability. Huge potential to expand catering services and boost local marketing.
  • Premises: This long term Korean Restaurant has an area of 100 sq. mts.
  • Trading Hours: 7 days - Monday - Sunday - 10:30 a.m. - 8:00 p.m.
  • Lease: Current lease expires April, 2027 + 2 yrs option - Bond $60,000, - No rent increases
  • Employees: 1 owner part time + 2 full timers + 5 part timers
  • Sale Reason: Private reasons
  • Comments: Rent includes outgoings - Misc.-1.- POS machine rental $8.50 p.w. - Current uber sales approx. $3000 p.w.- After 24 years operating the same business, vendor wants to retire. - A must inspection. Staff not aware - Inspections only through your SBX 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

$36,941

Cost of Goods

$11,081

Gross Profit

$25,860

Rent (ex GST)

$3,780

Wages

$11,000

Telephone

$40

Insurance

$105

Electricity

$493

Gas

$398

Misc1

$9

Total Expenses

$15,825

Estimated Stock (Additional)

$8,000

Net Profit

$10,035

Price

$559,000
+ Estimated Stock (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.