Restaurant - Korean BBQ Cuisine - FN1293

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$85,000

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.- Can open 7 days

Features

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

Premises

This business has an area of 158 sq. mts. including storage and cool room with 40sq.m outside seating area

Location

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

Trading Hours

5 days - Wednesday to Sunday: 11:00 am to 10:00 pm.

Lease

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

Employees

Under full management - 1 Manager + 2 full timers + 1 casual

Comments

Price under setup cost for urgent sale- Great potential business for a motivated couple or family business. Motivated vendor. Staff are not aware of sale. Inspections only through your SBX broker.- Under full management and Manager's wage($1,500 p.w.) not included.

SBX ID

FN1293

Figures
  • Takings: $10000/week (GST)
  • Cost of Goods: $3000
  • Gross Profit: $7000
  • Rent: $2500
  • Wages: $2000
  • Telephone: $20
  • Insurance: $30
  • Electricity: $200
  • Gas: $50
  • Misc 1: $200
  • Total Expenses: $5000
  • Nett Profit: $2000
  • Estimated Stock (Additional): $3000
  • All other values ex GST
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