Restaurant - Bar - Korean Cuisine - W1932

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$340,000

Description

Restaurant & bar with code / tablet order system installed on each table and offering a diverse Korean dining experience, highlighted by its popular boneless fried chicken dishes, including spicy, soy and garlic flavours. The menu also features an array of traditional Korean dishes such as chicken mayo, pork mara ramen, and assorted pork cutlet dishes complement the spicy and savoury flavours. Beverages include beer, wine, liquor. With a customer rating of 4.3, this restaurant is a favourite, especially in the evenings. Premises also equipped with security camera and air-con - 50 seats inside - 21 seats outside. Separate bar with Liquor License till 11.30 p.m, Liquor sales 40% of sales.

Potential

New owner couple working at shop could save on wages. More online promotion of the business through social media. Could extend opening hours,

Features

Prime location close to train station. -Modern fit out and top class furniture. - Good size shop for any kind of restaurant. - Liquor License.until 11:30 p.m.

Premises

Brilliant location with full kitchen facilities and with high quality furniture area of 133 sq, mts.+ 20 sq. mts. outdoor seat area.

Location

Well located near the train station on restaurant & cafe street in huge apartment complex with over 18,000 units in Inner West Sydney

Trading Hours

6 days - Monday to Saturday: 6:00 pm to 11:30 pm.

Lease

5 year lease from October 2021 + 5 yrs. option - 4 months bond - Rent increases by 4%

Employees

Fully under management - 3 full timers + 4 part timers.

Comments

Brand new shop fit out cost $500,000 3 yrs ago.- Perfect location for any kind of restaurant ( Chinese, Korean, Japanese or Thai ) - Motivated vendor. A must inspection. Please do not approach staff.

SBX ID

W1932

Figures
  • Takings: $20000/week (GST)
  • Cost of Goods: $4000
  • Gross Profit: $16000
  • Rent: $3147
  • Wages: $2500
  • Insurance: $25
  • Electricity: $230
  • Gas: $170
  • Total Expenses: $6072
  • Nett Profit: $10000
  • Estimated Stock (Additional): $8000
  • All other values ex GST
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