Restaurant - Korean Cuisine - BBQ - W1753

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$300,000

Description

Restaurant serving specialised BBQ cuisine including entrees, eel BBQ, duck soup with rice, pork and beef BBQ, lunch specials, hag fish BBQ, wagu BBQ, fish BBQ, seafood noodles, and 15 varieties of delicious meals and noodles. - Licensed - Lovely outside courtyard area with 24 seats - 63 seats inside - big commercial full kitchen with cool room, and freezer - 3 restrooms, - Liquor license until 12:00 midnight.- Function room upstairs.

Potential

Suit family business. - Huge potential - Ideal for motivated owner operator. - More marketing within the local area for catering. - Promote and deliver to surrounding apartments and residential area. - Huge apartments under construction nearby.

Features

Specialised BBQ Restaurant - Excellent spacious fit out - Beautiful courtyard area with 24 seats - Stable and growing business. - No competition in Sydney.

Premises

This business has an area of 160 sq.mts. with outside courtyard and pergola area.

Location

Situated in busy Inner West shopping strip close to train station, residential and commercial areas.

Trading Hours

7 days - Mon. - Tues. - Thurs. -Fri. - Sat. - Sun. - 11:30 a.m.-10:30 p.m. - Wed. - 5.00 p.m. - 10.30 p.m.

Lease

5 + 5 yr. lease commenced 28 /10 / 2019 - 3 months bond - 4% rent increases per year.

Employees

2 owners + 2 fulltimers + 6 casuals

Comments

Outgoings - Council rates $33 p.w. land tax $ 115 p.w. -Due to family problems reduced for quick sale very famous restaurant in the Asian community. - Eels are imported from Tasmania.- Low food cost - Motivated vendor - Staff are not aware of sale so please be discreet - Before inspection please contact agent. - Owner will provide full training for one month with recipes.- A must inspection.

SBX ID

W1753

Figures
  • Takings: $20000/week (GST)
  • Cost of Goods: $6300
  • Gross Profit: $13700
  • Rent: $2056
  • Wages: $4000
  • Outgoings: $148
  • Insurance: $30
  • Electricity: $109
  • Gas: $120
  • Misc 1: $700
  • Total Expenses: $7163
  • Nett Profit: $6537
  • Estimated Stock (Additional): $7000
  • All other values ex GST
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