Inner West
NSW
$650,000
Restaurant - Korean Cuisine - FranchisePrice: $219,000Net Profit: $2,116 |
Visit this listing at https://www.sbx.com.au/business?id=W1981 |
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Business Code: W1981 Key Features: Franchise Korean Cuisine Restaurant - Takings $30,000 p.w. State: NSW Location: Situated in the heart of Inner West amongst restaurants and cafes on commercial street. DescriptionAuthentic Korean franchise food & beer restaurant - A vibrant fried chicken spot with a relaxed, welcoming vibe. - Alongside its signature crispy chicken in various styles from classic bone-in to creamy and spicy boneless. It also serves hearty Korean favourites like pork bulgogi, short ribs, stews and popular sides include mozzarella sticks, cheese sticks and sweet potato chips. -Asahi beer and soju. Its a local hotspot for authentic Korean flavours. - Upstairs 51 seats - downstairs 45 seats. - Liquor license until 10:00pm 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$12,000Gross Profit$18,000Rent$3,804Wages$9,500Electricity$1,030Gas$350Misc1$1,200Total Expenses$15,884Estimated Stock (Additional)$30,000Net Profit$2,116Price$219,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Restaurant - Korean Cuisine - Franchise
Business Code: W1981Price: $219,000
+ Estimated Stock (SAV) $30,000
Key Features: Franchise Korean Cuisine Restaurant - Takings $30,000 p.w.
State: NSW
Location: Situated in the heart of Inner West amongst restaurants and cafes on commercial street.
Business Overview
Authentic Korean franchise food & beer restaurant - A vibrant fried chicken spot with a relaxed, welcoming vibe. - Alongside its signature crispy chicken in various styles from classic bone-in to creamy and spicy boneless. It also serves hearty Korean favourites like pork bulgogi, short ribs, stews and popular sides include mozzarella sticks, cheese sticks and sweet potato chips. -Asahi beer and soju. Its a local hotspot for authentic Korean flavours. - Upstairs 51 seats - downstairs 45 seats. - Liquor license until 10:00pm
Summary
- Key Features: Prime location in restaurant street in Inner West. - Large store with plenty of space and seats - Good place for group meetings or parties. Food is very famous and delicious. - Full training available with recipes. Steady sales business.
- Potential: Suits a family business - could save on wages with higher net profit. Do more advertising through local papers and internet.
- Premises: This business has two storeys and is quite a big restaurant with an area of 300 sq. mts. and main kitchen with 3 cool rooms upstairs.
- Trading Hours: Open 7 days - Monday to Sunday: 11:00 am to 10:00 pm
- Lease: Current lease expires November 2029 - 3 months bond - rent increases by 3% per year.
- Employees: 1 Manager + 4 full time (incl. chef ) + 5 part time
- Sale Reason: Owner is a franchisor of 13 stores and wants to take a rest.
- Comments:
Korean fried chicken franchise business (13 stores in Sydney) - Misc.-1- Royalty 4% - Food cost 25%-30% of sales. - Easy to operate - Head office supplies chicken sauce, chicken boxes, packing materials (containers). Rent $3,804 includes outgoings. A must inspection. Motivated vendor. Staff not aware and 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
$12,000
Gross Profit
$18,000
Rent (ex GST)
$3,804
Wages
$9,500
Electricity
$1,030
Gas
$350
Misc1
$1,200
Total Expenses
$15,884
Estimated Stock (Additional)
$30,000
Net Profit
$2,116
Price
$219,000
+ Estimated Stock (SAV) $30,000
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