Restaurant - Asian Cuisine - W1805

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$300,000

Description

Restaurant serving a huge variety of authentic Korean dishes - Lunch combo, Park cutlet, braised pork belly, jokbal, bossam combo, noodles, katsu, hot pots, bulgogi, 9 different fried chicken menus, exhaust system on ceiling and each stone table has LNG gas BBQ system installed. Strong power air conditioning installed. - 110 seats - Liquor license obtained until 1:00 a.m

Potential

Existing cooking system can be utilised - convert to Chinese hot pot, Korean BBQ, Japanese cuisine or Thai. - Owner couple could save on wages, Promote through internet media.

Features

Prime corner location - Spacious and modern shop fit out - Ready for any kind of BBQ restaurant.

Premises

Asian restaurant with a modern fit out and an area of 260 sq. mts. situated on first floor of building.

Location

Modern restaurant situated on prime corner in Inner West Sydney.

Trading Hours

6 days - Mon. - Thurs. - 5.30 p.m. - 9.30 p.m. (dinner only) Fri. -Sun.-12.00- 9.30 p.m. - Closed Tues.

Lease

5 + 5 year lease from Sept. 2019 - 3 months bond - Rent increases 5% per year.

Employees

Under management - 5 full timers + 6 part timers

Comments

If the new owner wants to convert to the duct system for a BBQ Restaurant it would cost approx. $80,000 to connect. Owner has invested over $400,000. - Full training will be provided by vendor with recipes. -Owner plans to open another restaurant. - Not a franchise, - Motivated vendor - For inspection please contact your broker - please do not contact staff or owner.

SBX ID

W1805

Figures
  • Takings: $30000/week (GST)
  • Cost of Goods: $10000
  • Gross Profit: $20000
  • Rent: $3986
  • Wages: $10000
  • Electricity: $500
  • Gas: $300
  • Total Expenses: $14786
  • Nett Profit: $5214
  • Estimated Stock (Additional): $8000
  • All other values ex GST
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