Restaurant - Korean BBQ Cuisine - FN1305

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$230,000

Description

Restaurant serving Korean BBQ which features tabletop charcoal BBQ grills at each table, offering high-quality meats and side dishes. Customers can choose from seasonal raw or marinated beef ribs, pork ribs, chicken, scallops, and vegetables for grilling. The menu also includes a variety of Korean fried chicken, stir-fried seafood, mussel soup, fish cakes, and Korean-style bar snacks. The venue accommodates 48 indoor seats and 40 outdoor seats in a backyard courtyard. It holds a full liquor license and is equipped with a full kitchen, cool room, and storage.

Potential

Ideal for a family-run business or a motivated owner-operator- Opportunities to expand through delivery services to surrounding apartments and residential areas.- Suitable for all types of restaurant operations with an existing DA approval until 2 a.m..

Features

Specialised Korean BBQ restaurant -Spacious and well-designed fit-out - Beautiful courtyard with 40 outdoor seats - Stable and growing business with strong customer demand

Premises

Situated on a 216 sq. mt. area and consists of a two-story building with a covered outdoor seating area, storage, cool room, function room, four restrooms, and a full kitchen.

Location

Situated in a busy shopping strip in North West Sydney, near a train station, and surrounded by shops, restaurants, and commercial buildings.

Trading Hours

7 days - 11 am to 10 pm.

Lease

5 + 5 year lease until October 2026 with a new lease available - 3% increases - 3-month bond required

Employees

2 owners + 1 full timer + 1 casual for daytime and 2 casuals for dinner

Comments

Urgent Sale. Great potential for a motivated couple or family business- Staff are not aware of sale. Inspections only through your SBX broker.- Misc.- 1.- GST and other expense

SBX ID

FN1305

Figures
  • Takings: $22000/week (GST)
  • Cost of Goods: $7000
  • Gross Profit: $15000
  • Rent: $2200
  • Wages: $4000
  • Outgoings: $80
  • Telephone: $20
  • Insurance: $30
  • Electricity: $300
  • Gas: $200
  • Misc 1: $1170
  • Total Expenses: $8000
  • Nett Profit: $7000
  • Estimated Stock (Additional): $5000
  • All other values ex GST
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