Restaurant - Korean Cuisine - Takeaway - W1869

shadow
Click Here For More Information

$199,000

Description

Restaurant offering a fine dining experience with a cozy ambiance.- serving Korean cuisine including - BBQ marinated pork, beef, mixed combo set, chicken, duck, seafood. stir fried noodles, fried chicken, specials, Bibimbap, hot pots and tasty Korean cuisine. drinks, beer, soju, Korean wine. Fully Licensed.- 64 seats inside. - 8 outside. Big commercial full kitchen with cool room, and freezer. - Liquor license until 12:00 midnight.

Potential

Couple could save on wages and increase net profit. Open lunch. Suit family business. Ideal for motivated owner operator. Promote and deliver to surrounding apartments and residential area. Out door seats(STA)

Features

Prime location. Spacious shop fit out. Regular customers. Very popular and well known. Great social media reviews. Top BBQ restaurant. Traditional design with delicious food and personal grill installed at every table. Fully licensed.

Premises

Well presented shop with an area of 200 sq. mts. with full kitchen, cool room, storage, and excellent kitchen equipment.

Location

Situated next to major shopping centre on busy shopping strip in the Lower North Shore. Suburb

Trading Hours

6 days - Sunday: 12 pm to 10 pm. Monday: 5 pm to 10:30 pm. Tuesday: Closed. Wednesday, Thursday & Friday: 5 p.m to 10:30 p.m Saturday: 12 p.m to 10:30 p.m.

Lease

Current lease until June 2025. Rent increases 3% yearly. Bond 3 months.

Employees

1 owner (chef) + 3 full timers + 7 part timers.

Comments

Summer season sales were $22,000 p.w. Food prices are reasonable for the quality of food and service provided, making it an ideal spot for casual dining or special occasions .The interior design is modern and sleek, with wooden accents and dim lighting that create a warm and inviting atmosphere. No water usage fee. No electricity fees. Very little outgoings. Motivated vendor. Really beautiful shop, Sales include Korean side dishes of milk tea and grilled pork feet. Staff are not aware so please be discreet. Inspections only through your SBX broker.

SBX ID

W1869

Figures
  • Takings: $21000/week (GST)
  • Cost of Goods: $7000
  • Gross Profit: $14000
  • Rent: $2675
  • Wages: $4500
  • Outgoings: $60
  • Gas: $100
  • Misc 1: $47
  • Total Expenses: $7382
  • Nett Profit: $6618
  • Estimated Stock (Additional): $5000
  • All other values ex GST
Click Here For More Information