Restaurant - Korean Cuisine - W1770

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$395,000

Description

Restaurant serving Korean cuisine including whole garlic soy chicken, Korean Royal Court stir fried rice cake, whole fried chicken. shallot pancake, beef bibimbab, kimchi stew with pork, spicy squid, pork bulgogi, ginseng chicken soup, spicy sausage hot pot, fish roe hot pot etc. The venue seats 30 inside and food court seats. Full liquor license until 3:00 am. Top class equipment with a full kitchen.

Potential

Could trade up to 7 days, current owner closes on Mon. and Tues. An enthusiastic owner operator or couple could increase sales and profit. Do more promotion. Huge apartments are near this business.

Features

Excellent fit out - Brilliant modern interior. - Great location, - No competition - Good reputation and review. - Unique opportunity - Profitable - Nothing to spend. - Good working conditions and environment. -Under management

Premises

This business has an area of 90 sq. mts.

Location

Prime location in foodcourt of major North West shopping centre surrounded by large apartment buildings

Trading Hours

5 days - 11:00 a.m. - 3:00 p.m - 5:00 p.m. - 8:40 p.m.- closed Mon. and Tues.

Lease

7 years lease from November, 2020. -Rent increases 5% per year. 4 months bond. (No guarantor needed)

Employees

3 full timers + 5 part timers - Fully under management

Comments

Misc. 1 = Storage / week. Very good reviews on Google (4.5). Rare opportunity. Owner willing to give training and recipes. Staff are not aware of sale so please be discreet. Inspection by appointment only, please contact your agent.

SBX ID

W1770

Figures
  • Takings: $28000/week (GST)
  • Cost of Goods: $8400
  • Gross Profit: $19600
  • Rent: $2237
  • Wages: $8600
  • Outgoings: $504
  • Telephone: $15
  • Insurance: $35
  • Electricity: $300
  • Gas: $200
  • Misc 1: $85
  • Total Expenses: $11976
  • Nett Profit: $7624
  • All other values ex GST
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