Restaurant - Korean Cuisine - Takeaway - W1887

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$189,000

Description

Korean fusion restaurant featuring an extensive range of Korean and Chinese entrees, soups, noodles and rice dishes such as sweet & sour pork, seafood Jampong, prawn and egg fried rice, garlic chilli chicken, creamy prawns, hot chilli chicken, stir fried garlic bokchoy, noodle bowls, etc. Its greatest hits include generous sizes and reasonable prices. Menu features 40 plus dishes, There are also set menus, starting from $29 per person as well as a selection of wine, Chinese and Korean liquor, rice wine and Asian and Australian beers.- 72 seats - liquor license - cool room

Potential

Extension of working hours could increase sales - Possibly change to Chinese, Thai or Vietnamese cuisine menu. There are a lot of International students and Asian families living nearby.

Features

Best location in Central Business District. close to Sydney University City campus and close to World Square. - Many regular customers, Well known, Famous Fusion Restaurant for 17 years.

Premises

This well known Korean fusion restaurant has an area of 100 sq. mts.

Location

Situated in the heart of Sydney CBD business district.

Trading Hours

7 days - Monday to Sunday: 11:00 am to 9:00 pm.

Lease

Current lease expires January 2032 - 3 months bond - rent increase by 4% per year.

Employees

Fully under Management - 3 full timers + 3 part timers

Comments

All equipment belongs to business. Successful, good reputation fusion restaurant. Low price for quick sale. Motivated vendor. A must inspection. Another branch of the same restaurant in Haymarket is also for sale, Check the SBX website Code number W1886. Staff are not aware, inspections only through your broker.

SBX ID

W1887

Figures
  • Takings: $30000/week (GST)
  • Cost of Goods: $7500
  • Gross Profit: $22500
  • Rent: $3978
  • Wages: $10000
  • Electricity: $250
  • Gas: $300
  • Misc 1: $472
  • Total Expenses: $15000
  • Nett Profit: $7500
  • Estimated Stock (Additional): $7000
  • All other values ex GST
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