South Sydney
NSW
$85,000
Restaurant - Korean BBQPrice: $559,000Net Profit: $4,990 |
Visit this listing at https://www.sbx.com.au/business?id=W2007 |
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Business Code: W2007 Key Features: Restaurant -Grilled Korean BBQ - No competition -South Sydney. State: NSW Location: Situated in outside food court close to train station and surrounded by huge apartment complex in South Sydney. DescriptionRestaurant specialising in grilled Korean BBQ and renowned for its authentic Korean flavours. Diners praise the delicious fried chicken and bulgogi hot pot, often highlighting their crispiness and rich taste. The restaurant offers a variety of traditional dishes like bibimbap and seafood pancakes, catering to diverse palates while providing an inviting atmosphere. Fully equipped with a commercial kitchen, cool room, toilet, and ample storage, this restaurant is ready for smooth operation. - Many reviews commend the exceptional food quality with standout items such as the fried chicken that is crispy outside yet tender inside. The menu features classic dishes like bulgogi beef and various side plates that offer something for everyone.- Liquor license until 10:00 p.m.- 42 seats inside - 24 seats outside. 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)$22,500Cost of Goods$6,750Gross Profit$15,750Rent$3,140Wages$6,700Outgoings$231Insurance$385Electricity$154Misc1$150Total Expenses$10,760Estimated Stock (Additional)$10,000Net Profit$4,990Price$559,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Restaurant - Korean BBQ
Business Code: W2007Price: $559,000
+ Estimated Stock (SAV) $10,000
Key Features: Restaurant -Grilled Korean BBQ - No competition -South Sydney.
State: NSW
Location: Situated in outside food court close to train station and surrounded by huge apartment complex in South Sydney.
Business Overview
Restaurant specialising in grilled Korean BBQ and renowned for its authentic Korean flavours. Diners praise the delicious fried chicken and bulgogi hot pot, often highlighting their crispiness and rich taste. The restaurant offers a variety of traditional dishes like bibimbap and seafood pancakes, catering to diverse palates while providing an inviting atmosphere. Fully equipped with a commercial kitchen, cool room, toilet, and ample storage, this restaurant is ready for smooth operation. - Many reviews commend the exceptional food quality with standout items such as the fried chicken that is crispy outside yet tender inside. The menu features classic dishes like bulgogi beef and various side plates that offer something for everyone.- Liquor license until 10:00 p.m.- 42 seats inside - 24 seats outside.
Summary
- Key Features: No competition. - Best location in the outdoor foodcourt. - Well known Korean BBQ with over 7 yrs stable business. Fully under management. Excellent reputation with outstanding social media reviews and consistent repeat patronage.- Full liquor licence - Quality equipment. Established operating systems in place.
- Potential: Owner couple could save on wages. activate home delivery surrounding apartments - Advertise through internet and local paper. - Add more to menu such as gamjatang, bossam, slices of boiled beef. etc.
- Premises: This business has an are of 160 sq. mts. inside + 24 sq. mts. out side seating area.
- Trading Hours: 7 days - Monday - Sunday - 11:30 a.m. - 3:00 p.m. + 5:00 p.m. - 10:00 p.m.
- Lease: 5 year lease from April, 2024 + 5 yrs option (market value) - Bond 3 months- rent increases by 5% per year
- Employees: Fully under Management - (morning) 3 full timers + 1 part timer - (afternoon) 3 full timers + 2 part timers.
- Sale Reason: Private reasons
- Comments:
At present under management - New owner couple could make much higher income. Stable business.
Vendor will provide full training and recipes. Inspection highly recommended - contact your SBX Business 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
$22,500
Cost of Goods
$6,750
Gross Profit
$15,750
Rent (ex GST)
$3,140
Wages
$6,700
Outgoings
$231
Insurance
$385
Electricity
$154
Misc1
$150
Total Expenses
$10,760
Estimated Stock (Additional)
$10,000
Net Profit
$4,990
Price
$559,000
+ Estimated Stock (SAV) $10,000
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