Restaurant - Korean Fusion Cuisine - W1886

shadow
Click Here For More Information

$235,000

Description

Korean Fusion restaurant featuring an extensive range of entrees, soups, noodles and rice dishes such as sweet & sour pork, seafood, prawn and egg fried rice, garlic chilli chicken, creamy prawns, hot chilli chicken, stir fried garlic bokchoy etc. Its greatest hits include generous size meals and reasonably priced, Menu features 40-plus dishes. There are also set menus, starting from $29 per person – as well asl a selection of wine; Chinese and Korean liquor, Soju, rice wine and Asian and Australian beers.- 60 seats - liquor license - cool room

Potential

Extension of working hours could increase a lot of sales. Change to Chinese, Thai or Vietnamese cuisine could increase sales. There are a lot of Chinese people and families living and visiting in this area and could add more Chinese-influenced food and drinks.

Features

Location, Location. - A good size full kitchen. Can be converted to any kind of business such as restaurant, takeaway or cafe .

Premises

This business has an area of 100 sq. mts.

Location

Busy tourist restaurant / cafe area in Sydney CBD

Trading Hours

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

Lease

5 yrs + 5 yrs from February 2020 - 3 months bond - Rent increases by C.P.I

Employees

1 owner ( Manager) + 2 full timers + 2 parttimers

Comments

Always busy with tourists and shoppers, Any kind of food business will succeed especially Chinese Restaurant or takeaway. There is another branch of the same business also for sale in the CBD - See W1887 - Motivated vendor, Must have inspections through your agent as staff are not aware.

SBX ID

W1886

Figures
  • Takings: $23500/week (GST)
  • Cost of Goods: $7100
  • Gross Profit: $16400
  • Rent: $2622
  • Wages: $5000
  • Electricity: $300
  • Gas: $300
  • Misc 1: $30
  • Total Expenses: $8252
  • Nett Profit: $8148
  • Estimated Stock (Additional): $5000
  • All other values ex GST
Click Here For More Information