Restaurant - Korean Cuisine - Delivery - W1851

shadow
Click Here For More Information

$239,000

Description

Restaurant serving Korean style cuisine - Installed table top gas cook BBQ grill each table, serving high quality meat and sides dishes. Customers can select in season raw or marinated beef rib, pork rib, chicken, scallops, lamb chop and vegetables for BBQ. Tasty variety of Korean fried chicken. Variety of Korean meals. Steady sales on home delivery - Uber, Menu log. Liquor license till 11 p.m. Very stable business. Well known to locals. Fully equipped kitchen with cool room - 58 seats.

Potential

No competition, Huge demand for Korean BBQ, Current owner only opens 4 days and could open 7 days till late as there is high demand for opening more days and lunch and closing later. Low rent and outgoings makes high net profit. Ideal for experienced cook chef. Regular patrons keep coming back with new customers. Suits family business.

Features

Excellent shop fit out with BBQ grill on each table. Only Korean BBQ Restaurant in this area. Easy to manage. High margins, Sales getting higher and higher and becoming popular Korean BBQ restaurant in the area. Good google rate. Regular repeat customers

Premises

This business has an area of 108 sq.mts.

Location

Situated in dining precinct outside wall of big shopping centre in a new developing high density residential area near new airport and Southern Highlands.

Trading Hours

Open 4 days, Dinner only. Thursday, Friday, Saturday, Sunday: 4:30 pm to 9:00 pm.

Lease

Current 5 year lease commenced July 2023 + 5 + 5 year options - Rent increases by 3% per year, - Bond $10,000.

Employees

2 owners + 5 part timers.

Comments

Not a franchise, No royalties. Outgoings 50% of council rates. Successful operation for 7 years. Full training provided by vendor with full recipes for fried chicken and Korean meals. All equipment belongs to business, nothing leased. Owner wants to sell after 20 years in the restaurant business. Motivated vendor. A must inspection, Please do not contact staff or owner.

SBX ID

W1851

Figures
  • Takings: $13500/week (GST)
  • Cost of Goods: $3300
  • Gross Profit: $10200
  • Rent: $1070
  • Wages: $1950
  • Outgoings: $140
  • Telephone: $40
  • Insurance: $45
  • Electricity: $90
  • Gas: $50
  • Misc 1: $205
  • Total Expenses: $3590
  • Nett Profit: $6610
  • Estimated Stock (Additional): $3000
  • All other values ex GST
Click Here For More Information