Restaurant - Korean Cuisine - FN1326

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$960,000

Description

Highly popular Halal K BBQ Charcoal Buffet restaurant located in the heart of vibrant dining precinct. Famous for authentic Korean-style charcoal barbecue that complies with Halal preparation standards, this venue attracts a loyal following from the local Muslim community and beyond with customers regularly lining up outside during dinner peaks. Offering a buffet-style Korean BBQ experience with premium meats, side dishes, and grilled selections, the restaurant has established a strong reputation as one of the busiest and highest-grossing restaurants. The premises are fitted with full charcoal-grill infrastructure, canopy extraction, grease trap, and a large commercial kitchen, allowing smooth operation and high turnover with 60 seats outside and 72 seats inside.

Potential

Add lunch specials + weekday corporate sets- Introduce weekday lunch specials or delivery service- Promote catering and private function bookings-Extend late-night hours to capture after-dinner crowd- Liquor licence already in place - alcohol not currently served, providing immediate potential to boost sales

Features

Specialised Halal Korean Charcoal BBQ Buffet concept - Exceptionally strong customer demand and reputation - Full commercial kitchen, charcoal grill setup, canopy & exhaust systems- High revenue stream with consistent weekly sales- Well-trained staff - Proven profitability and strong local brand recognition

Premises

The business occupies a total area of approx. 304 sq. mts, comprising: Indoor dining area 226 sq. mts. and outdoor seating area: 78 sq. mts. - plus commercial kitchen, cool room, freezer, dry storage, and staff amenities.

Location

Prime Inner West CBD dining strip with strong pedestrian flow and public transport access. Surrounded by apartments, schools, and shopping centres.

Trading Hours

7 days - Monday to Sunday: 4 pm to 9:30 pm.

Lease

5 + 5 years lease commenced from October 2022 - 3 months bond - 4% increases per year

Employees

Under Management - 2 full timers + 3 to 8 casuals

Comments

Wage is based on 1 owner operating, currently paying $11,8000 p.w. under management- Well-equipped Korean BBQ with strong local demand and quality fit-out. Ideal for an experienced operator to drive lunch / late-night and delivery growth. - Staff not aware -inspection by appointment only through your broker.

SBX ID

FN1326

Figures
  • Takings: $50000/week (GST)
  • Cost of Goods: $15000
  • Gross Profit: $35000
  • Rent: $8695
  • Wages: $10000
  • Telephone: $20
  • Insurance: $30
  • Electricity: $760
  • Gas: $460
  • Misc 1: $35
  • Total Expenses: $20000
  • Nett Profit: $15000
  • Equipment (Included): $10000
  • All other values ex GST
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