Restaurant - Korean BBQ Cuisine - W1891

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$300,000

Description

Restaurant serving Korean style cuisine - Installed table top charcoal BBQ grill on each table, serving high quality meat and sides dishes. Customers can select in season raw or marinated beef ribs, pork ribs, chicken, scallops, and vegetables for BBQ. Tasty variety of Korean fried chicken and a variety of Korean style dishes, fish cakes, stir fry seafood, mussel soup and various Korean bar snacks - The venue seats up to 100 people inside. Full liquor license. - full kitchen, cool room.

Potential

Couple could save on wages and increase net profit. Suit family business. Ideal for motivated owner operator. Promote and deliver to surrounding apartments and residential area.

Features

Prime location. Spacious, well known Korean restaurant. Easy to manage. High margins, Sales increasing weekly. Regular repeat customers

Premises

This business has an area of 380 sq. mts. including storage and toilet.

Location

Situated in busy area of the Inner West surrounded by shops, restaurants and commercial buildings. Inner West

Trading Hours

7 days - 11:00 am to 10:00 pm.

Lease

5 + 5 years lease commenced April 2020 - CPI increases - Bond 3 months.

Employees

1 owner (Management only) + 3 full timers + 1 part timer

Comments

Great potential business for a motivated couple or family business. Motivated vendor. Staff are not aware of sale. Inspections only through your SBX broker.

SBX ID

W1891

Figures
  • Takings: $25000/week (GST)
  • Cost of Goods: $7500
  • Gross Profit: $17500
  • Rent: $2067
  • Wages: $6800
  • Electricity: $308
  • Gas: $108
  • Total Expenses: $9283
  • Nett Profit: $8217
  • Estimated Stock (Additional): $10000
  • All other values ex GST
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