Restaurant - Korean & Japanese Cuisine - W1955

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$559,000

Description

Famous restaurant offering a blend of authentic Korean and Japanese cuisines. The menu features a diverse selection, including sushi, bento boxes, udon, yakisoba, stone pot rice, and bibimbaps, catering to a variety of tastes. Patrons often praise the stone pot rice dishes, which combine both culinary styles into a mouthwatering experience. The restaurant's welcoming and relaxed atmosphere makes it an ideal spot for casual gatherings or family meals. With generous portion sizes and affordable prices the restaurant provides a satisfying dining experience for all.- 46 seats inside.

Potential

Perfect opportunity for a motivated owner-operator or an experienced couple to step in and reduce wage costs, and increase profitability. Huge potential to expand catering services and boost local marketing.

Features

Same owner for 24 years with good reputation. Top location. Excellent food with good prices. A good size restaurant. Long term stable business with an extensive menu of Japanese and Korean food.

Premises

This long term Korean Restaurant has an area of 100 sq. mts.

Location

Situated in shopping centre food court in the Inner West.

Trading Hours

7 days - Monday - Sunday - 10:30 a.m. - 8:00 p.m.

Lease

Current lease expires April, 2027 + 2 yrs option - Bond $60,000, - No rent increases

Employees

1 owner part time + 2 full timers + 5 part timers

Comments

Rent includes outgoings - Misc.-1.- POS machine rental $8.50 p.w. - Current uber sales approx. $3000 p.w.- After 24 years operating the same business, vendor wants to retire. - A must inspection. Staff not aware - Inspections only through your SBX broker.

SBX ID

W1955

Figures
  • Takings: $38000/week (GST)
  • Cost of Goods: $11400
  • Gross Profit: $26600
  • Rent: $3734
  • Wages: $11000
  • Telephone: $40
  • Insurance: $105
  • Electricity: $493
  • Gas: $398
  • Misc 1: $9
  • Total Expenses: $15779
  • Nett Profit: $10821
  • Estimated Stock (Additional): $8000
  • All other values ex GST
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