Description

Korean style BBQ restaurant serving a wide range of grilled and BBQ meats such as soy marinated wagyu beef rib and prime pork short rib, wagyu oyster blade, spicy seafood and noodle products etc. Large commercial kitchen with 2 cool rooms. 180 comfortable seats inside. Own website for customer booking. No home delivery. One of the famous Korean restaurants in Sydney. Sales are more than $3 million per year. The indicated figures are based on the business average two years financial report- FY 2024 and FY 2025 profit and loss statements.- Licensed

Potential

A hand over to a motivated owner operator could save on high wages and cost of goods and make more sales and profit. Could add home delivery to boost sale. Could change to different cuisine such as Chinese or Japanese restaurant if desired. Ideal for family business or partnership.

Features

Top BBQ restaurant. Long established. Good reputation. Well known to locals. Stunning fit out. High turnover and profit. 15 years long lease. Fully under management. Great growth potential.

Premises

Specious and nicely presented shop with 2 levels in total area approx. of 500 m2. plus 6 parking spaces.

Location

Prime location on shopping street in North West area.

Trading Hours

7 days - 12 pm to 3 pm & 5 pm to 10 pm.

Lease

15 years lease commenced 1 February 2021 till 2036. - Annual rent increases between 2-3%. - 3 months bank guarantee.

Employees

Fully under management- 20 staff includes casuals

Comments

The rent plus GST includes all outgoings. Misc.- 1-Refers to bank fees, waste bill, shop maintenance, accountant fees, motor vehicle expenses, print/stationery fees, pest control and other taxable expenses. - Current two years financial report available to review by a serious buyers. A great and profitable business would suit a savvy investor. Inspection is high recommended. Please do not speak to anyone when visit the business premises. All inspections must be through SBX Business Brokers.

SBX ID

M2261