Restaurant - Korean Charcoal BBQ - FN1344

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$490,000

Description

Restaurant serving authentic Korean charcoal BBQ cuisine, featuring tabletop grills at each table for a true Korean dining experience. The menu offers a wide range of high-quality marinated and fresh meats including beef ribs, pork belly, and chicken, complemented by assorted seafood, scallops, vegetables, and traditional Korean side dishes. Additional popular items include Korean fried chicken, hotpots, and Korean-style snacks.The restaurant provides 56 indoor seats and 56 outdoor seats, creating a lively and spacious dining environment. Fully equipped with a full commercial kitchen, cool room, and large storage area, the venue is well set up for high turnover operation.- Licensed

Potential

Ideal for a family-run business or experienced owner-operator.- Opportunities to increase sales through catering, events, or delivery to nearby residential areas.-Liquor licence already in place - potential to grow alcohol sales.- High exposure location with heavy pedestrian traffic and strong local demand.

Features

Established and profitable Korean charcoal BBQ restaurant- Large outdoor dining area- Strong cash flow with loyal customer base- Prime location in Korean area of Inner West Sydney. Licensed.

Premises

Spacious layout with indoor and outdoor seating for 112 patrons, full kitchen, cool room, storage, and well-maintained dining facilities designed for charcoal BBQ operations.

Location

Situated in a busy Inner West precinct surrounded by residential apartments, retail shops, and dining venues. Excellent visibility, easy access, and ample nearby parking.

Trading Hours

7 days – 12:00 pm to 1:00 am.

Lease

5 + 5 year lease commenced September 2022, - 5 months bond, Increases 4% per annum

Employees

2 owners + 3 full-timers + 4 casual staff.

Comments

Strong-performing and beautifully presented Korean BBQ restaurant with excellent facilities and consistent weekly sales. - Perfect opportunity for a motivated owner or investor seeking a profitable and well-established restaurant in a prime location.

SBX ID

FN1344

Figures
  • Takings: $45000/week (GST)
  • Cost of Goods: $15800
  • Gross Profit: $29200
  • Rent: $2820
  • Wages: $15270
  • Outgoings: $500
  • Telephone: $20
  • Insurance: $30
  • Electricity: $230
  • Gas: $230
  • Misc 1: $100
  • Total Expenses: $19200
  • Nett Profit: $10000
  • Estimated Stock (Additional): $5000
  • All other values ex GST
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