Restaurant - Korean BBQ Cuisine - W1950

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$295,000

Description

Modern Korean charcoal BBQ restaurant serving rotating skewers including BBQ chicken skewers, lamb, pork, etc. Also serving steamed egg, marinated crab in spicy sauce, cockles bibimbap, black wheat noodle, crab shell, kimchi stew, seafood pancake, cold noodles, ginko skewers etc. 61 seats inside - cool room and liquor license until 10:00 p.m

Potential

Suits a family business. Can be changed to any kind of restaurant including normal BBQ restaurant. Potential to boost sales through local marketing and a stronger social media presence.

Features

Well set up BBQ restaurant. Each table has charcoal rotating skewer plate installed with duct system. Good corner location. Spacious with full kitchen equipment. New and special type of BBQ business

Premises

This businss has an area of 180 sq. mts.

Location

Situated in cafe, restaurant strip in Inner West.

Trading Hours

6 days - Wednesday to Monday: 11:30 am to 2:30 pm & 5:00 pm to 10:30 pm. Closed Tuesday

Lease

Current lease expires November 2026 - 3 months bond - Rent increases 4% per year.

Employees

1 owner (all rounder) + 2 full timers + 2 part timers - Saturday - 3 part timers + 2 full timers.

Comments

Summer season sales average $20,000/week, Winter season $16,000/week. For shop fit out cost was approx. $400,0000. - Motivated vendor. - A must inspection through your broker, staff are not aware.

SBX ID

W1950

Figures
  • Takings: $16000/week (GST)
  • Cost of Goods: $4500
  • Gross Profit: $11500
  • Rent: $2538
  • Wages: $5000
  • Outgoings: $231
  • Telephone: $150
  • Insurance: $60
  • Electricity: $380
  • Gas: $250
  • Total Expenses: $8609
  • Nett Profit: $2891
  • Estimated Stock (Additional): $5000
  • All other values ex GST
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