Restaurant - Korean Cuisine - W1946

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$289,000

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 - BBQ tables with 110 seats inside - 30 seats outside - Liquor license.

Potential

Extension of working hours - Open lunch and breakfast. - Currently only opens dinner . An enthusiastic owner operator or couple could increase sales and profit. Do more promotion.

Features

Specialised Korean BBQ Buffet restaurant -Spacious and well-designed fit-out - Beautiful courtyard with 40 outdoor seats - Stable and growing business with strong customer demand. Very short working hours.

Premises

Well presented shop with an area of approx. 220 m2. with cool room and freezer room

Location

Situated in restaurant, cafe and commercial area in the Inner West

Trading Hours

7 days - Monday - Sunday - 5:00 p.m. - 10:00 p.m. ( Dinner only )

Lease

Current lease expires November, 2029 - New 5 + 5 year lease available - Rent increases by 4% per year - 3 months bond.

Employees

1 owner (Manager) + 6 full timers + 2 part timers.

Comments

Rent includes outgoings. One of the famous Korean Buffet BBQ Restaurants in Sydney. Short trading hours and stable business. A must to inspect. Motivated vendor. Staff are not aware of sale. Inspections only through your SBX broker.-

SBX ID

W1946

Figures
  • Takings: $36000/week (GST)
  • Cost of Goods: $12000
  • Gross Profit: $24000
  • Rent: $3832
  • Wages: $10500
  • Insurance: $150
  • Electricity: $550
  • Gas: $250
  • Total Expenses: $15282
  • Nett Profit: $8718
  • Estimated Stock (Additional): $5500
  • All other values ex GST
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