Restaurant - Takeaway - Korean Cuisine

Business Code: FN1014


Key Features: No competition

State: NSW

Location: Situated on busy main road in the City fringe close to residential and commercial buildings surrounded cafes and restaurants.

Description

Restaurant serving Korean cuisine including fresh home style Korean entrees, pancakes, main meals, noodles, seafood, salads - full kitchen with cool room and storage area - 40 seats. - convenient back yard for cooking - two rooms included upstairs.

Summary

  • Features: A local icon - No competition - Low rent - Fully renovated in August

  • Potential: Open more hours - could do promotions and marketing - suit any cuisine

  • Premises: This business has an area of 108 sq .mtrs. including main restaurant, kitchen, garage, 2 rooms upstairs and 1 toilet

  • Trading Hours: 7 days- Mon. - Wed. - 5 p.m.- 10 p.m.- Thurs..- Sun. - 11:30 a.m.- 3 p.m. - 5 p.m.- 10 p.m.

  • Lease: New lease commenced June 2015 - Expires June. 2018 + 5 year option - 3% increases - 4 month bond

  • Employees: 2 owners + 1 casual

  • Comments: Upstairs 2 bedrooms (no separate entrance) can be used as accommodation.

Weekly Summary

Weekly Takings
(inc GST)

$6,000

Cost of Goods

$1,500

Gross Profit

$4,500

Rent

$972

Wages

$500

Outgoings

$280

Telephone

$30

Insurance

$30

Electricity

$123

Gas

$35

Misc1

$150

Total Expenses

$2,120

Estimated Stock (Additional)

$3,000

Net Profit

$2,380

Price

$80,000

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