Korean Cuisine Restaurant - W1953

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$149,000

Description

Famous Korean food restaurant with well known menu including pork belly with kimchi stew hot pot, spicy sausage hot pot, brisket soy bean stew, soft tofu stew with egg, seafood mix, pork kimchi stew, beef soup with spring onion, deluxe chicken soup, ox bone soup, dumpling soup, beef bulgogi stew, beef bulgogi stir fry and side menu such as fried dumplings, chives pancake, corn cheese, soy garlic chicken, and sweet & spicy chicken. also sells soju, rice wine and beer. - Liquor license until 10:00 pm,- 36 seats inside.

Potential

Perfect location and shop size for Chinese restaurant with many Chinese people living in this area. Ideal family business. Can easy convert to Chinese, Thai, Japanese Restaurant. Do more advertising through Internet.

Features

A good size restaurant for any kind of cuisine - Spacious with room for more tables. - Well set up full kitchen - Wide frontage.

Premises

This restaurant has an area of 180 sq.mts.

Location

Situated in busy Asian shopping street in Inner West.on busy main road.

Trading Hours

7 days - Monday to Saturday: 11:30 am to 3:00 pm & 5:00 pm to 10:00 pm. Sunday: 11:30 am to 3:00 pm & 5:00 pm to 9:00 pm.

Lease

Current lease expires November 2025 + 3 + 3 yr options- Bond 3 months - Rent increases by 1.4% per year

Employees

1 owner fulltime + 4 parttimers.

Comments

Outgoing of $264 p.w. is building insurance, council rates, rubbish. - Sales now increasing every month. For quick sale vendor has reduced business price. ideal for family business. Staff are not aware, inspections through your broker

SBX ID

W1953

Figures
  • Takings: $11000/week (GST)
  • Cost of Goods: $3000
  • Gross Profit: $8000
  • Rent: $1633
  • Wages: $2200
  • Outgoings: $264
  • Insurance: $162
  • Electricity: $138
  • Gas: $54
  • Total Expenses: $4451
  • Nett Profit: $3549
  • Estimated Stock (Additional): $6000
  • All other values ex GST
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