Restaurant - Korean Cuisine - FN1325

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$370,000

Description

Restaurant specialising in Korean fusion cuisine and fried chicken with a wide range of popular dishes. Menu includes crispy Korean fried chicken with soy, sweet chilli, and honey garlic sauces topped with shredded spring onion, plus Korean favourites such as teokbokki, kimchi pancakes, noodles, hot pots, and more. Licensed premises with seating for 70 inside, full commercial kitchen, cool room, and fridge room.

Potential

Significant upside for owner-operator or family-run business- Delivery service can be introduced to capture surrounding residential and apartment market- Room to expand marketing and online presence to further increase sales

Features

Excellent reputation with a unique brand identity- Strong regular customer base- No direct competition in the area- Spacious and well-designed fit-out- Stable and growing business with strong customer demand

Premises

Well-presented shop with an area of approx. 145 sq.mts, fully fitted with premium kitchen facilities and cool room.

Location

Prime location in busy Asian community dining area in North West Sydney, surrounded by popular restaurants and strong residential catchment

Trading Hours

7 days - Monday to Thursday & Sunday: 12:00 to 10 pm. Friday & Saturday: 11 am to 10:30 pm

Lease

5 years option commenced August 2025 - 3 months bond - 4% increases

Employees

Under full management - 5 full timers + 4 casuals

Comments

Managers wage has been excluded from current wage costs to show true net profit on an owner-operator basis- Full training with recipes included- Motivated vendor - inspection highly recommended.

SBX ID

FN1325

Figures
  • Takings: $28000/week (GST)
  • Cost of Goods: $8400
  • Gross Profit: $19600
  • Rent: $1379
  • Wages: $9000
  • Outgoings: $215
  • Telephone: $20
  • Insurance: $52
  • Electricity: $550
  • Gas: $384
  • Total Expenses: $11600
  • Nett Profit: $8000
  • Estimated Stock (Additional): $5000
  • All other values ex GST
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