Restaurant - Cafe - Under Management - W1931

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$195,000

Description

Restaurant serving Korean style cuisine - Installed table hot plate on each table, serving high quality Korean hot pot and side dishes. The restaurant comes fully equipped and no money needs to be spent. Freshly renovated ( owner spent $200,000). - The venue seats up to 116 people inside. 20 seats out side . Full liquor license until 10.00 p.m. - full commercial kitchen, cool room and freezer room. - cafe is currently closed. - Restaurant open only for dinner.

Potential

Would suit owner operators or family. Could open cafe ( at present closed ) Do more advertising. Add catering services - Promote corporate functions and parties

Features

Absolutely no competition. - Perfect location and a good size Korean BBQ Restaurant. Spacious and bright with glass walls. Cheap rent for size. Excellent set up restaurant with top class equipment.

Premises

Beautifully presented premises with an area of 180 sq. mts. and male and female toilets

Location

Situated in industrial area in Inner West.

Trading Hours

5 days - Monday to Friday: 5:00 pm to 8:00 pm.

Lease

5 year lease from November 2023 + 5 yrs. option Bond 3 months. - Rent increases by 4% per year.

Employees

Fully under management - 4 full timers + 2 part timers

Comments

Price under setup cost for urgent sale- Great potential business for a motivated couple or family business. Motivated vendor. Inspections only through your broker, staff are not aware. A must inspection.

SBX ID

W1931

Figures
  • Takings: $16000/week (GST)
  • Cost of Goods: $4500
  • Gross Profit: $11500
  • Rent: $1899
  • Wages: $4800
  • Outgoings: $83
  • Insurance: $44
  • Electricity: $450
  • Gas: $234
  • Total Expenses: $7510
  • Nett Profit: $3990
  • Estimated Stock (Additional): $5000
  • All other values ex GST
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