Inner West
NSW
$980,000
Restaurant - Korean Cuisine- Under ManagementPrice: $229,000Net Profit: $10,004 |
Visit this listing at https://www.sbx.com.au/business?id=W1974 |
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Business Code: W1974 Key Features: Restaurant - Korean Cuisine- Under Management - Nets $10,000 p.w. State: NSW Location: Situated in Sydney CBD on very busy road with huge number of pedestrians all day. DescriptionRestaurant selling a variety of fried chicken options such as sweet and spicy, garlic soy, snow cheese chicken plus a diverse range of traditional Korean dishes, beer and soju. The menu also features hearty individual mains including spicy soft tobu stew. kimchi pork spare ribs, bulgogi, bibimbap etc.. One of the most authentic and tasty Korean Food Restaurant in Sydney CBD. - 54 seats - Liquor license until 2:00 a.m 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)$35,000Cost of Goods$10,000Gross Profit$25,000Rent$4,728Wages$9,500Telephone$35Insurance$127Electricity$346Gas$106Misc1$154Total Expenses$14,996Estimated Stock (Additional)$7,000Net Profit$10,004Price$229,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Restaurant - Korean Cuisine- Under Management
Business Code: W1974Price: $229,000
+ Estimated Stock (SAV) $7,000
Key Features: Restaurant - Korean Cuisine- Under Management - Nets $10,000 p.w.
State: NSW
Location: Situated in Sydney CBD on very busy road with huge number of pedestrians all day.
Business Overview
Restaurant selling a variety of fried chicken options such as sweet and spicy, garlic soy, snow cheese chicken plus a diverse range of traditional Korean dishes, beer and soju.
The menu also features hearty individual mains including spicy soft tobu stew. kimchi pork spare ribs, bulgogi, bibimbap etc.. One of the most authentic and tasty Korean Food Restaurant in Sydney CBD. - 54 seats - Liquor license until 2:00 a.m
Summary
- Key Features: Prime location in Sydney CBD. - Well known for many years - Good reputation - Google rating 4.5 - Most customers are regulars from surrounding apartments. - Tasty and traditional Korean food. - A good size restaurant (54 seats)
- Potential: Experienced new owner couple could save on wages. - Add to menu -Extend trading hours and open earlier- Do some marketing and advertising through internet and local papers
- Premises: This restaurant has an area of 106 sq.mts.
- Trading Hours: 7 days - Monday to Sunday: 12:00 noon to 12:00 midnight
- Lease: 5 year lease from November 2019 + 5yrs. option - 3 months bond - Rent increases by 4% per year.
- Employees: Fully under Management - 2 full timers + 12 part timers.
- Sale Reason: Private reasons
- Comments:
Misc.- 1- Rubbish collection, Equipment includes walk in cool & freezer room, large fridge, bench storage, air conditioner, high and multi media system, CCTV 9 cameras etc. - Lots of Uber sales from surrounding apartment residents. ($9,000-$10,000/week) Motivated vendor after long time in same business. Rare to see such a prime location restaurant for sale. Inspection through your brokers.
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
$35,000
Cost of Goods
$10,000
Gross Profit
$25,000
Rent (ex GST)
$4,728
Wages
$9,500
Telephone
$35
Insurance
$127
Electricity
$346
Gas
$106
Misc1
$154
Total Expenses
$14,996
Estimated Stock (Additional)
$7,000
Net Profit
$10,004
Price
$229,000
+ Estimated Stock (SAV) $7,000
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