Restaurant - Korean BBQ - W1975

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$259,000

Description

Modern Korean charcoal BBQ restaurant serving rotating skewers - BBQ chicken skewers, lamb, pork, etc. Also serving steamed egg, cold corn noodle soup, fried rice with kimchi, soy bean paste soup, fish roe soup, spicy raw beef, many kinds of side dishes, marinated beef rib, abomasum, sirloin beef, prawn and special combination skewers, ( lamb, beef, pork) combined with liquor - Liquor license until 10:00 p.m. - 96 seats, all marble BBQ tables. ducted above the skewers table.

Potential

Open home delivery ( current owner has not tried) - Open 7 days - Ideal for a family-run business. - Liquor licence already in place - potential to grow alcohol sales.- High exposure location with heavy pedestrian traffic and strong local demand.

Features

No competition. Quite large area with 96 seats and marble BBQ tables. - Established and profitable - Strong cash flow with loyal customer base- Prime location. - Long history and well known - Liquor licence.

Premises

This business has an area of approx. 300 sq. mts inside with 100 sq. mts. backyard.

Location

Situated on retail street surrounded by commercial, shops and restaurants in South Sydney area.

Trading Hours

6 days 11.30 am to 10.00 pm (break 2:00 to 3:00 pm) - Closed Thursday.

Lease

5 + 5 yrs. lease from July 2025. - 3 months bond, - Rent increases by 3% per year.

Employees

3 owners + 2 part timers (during the week) + 4 part timers ( weekend )

Comments

Every table installed gas connection and above the table installed BBQ duct system. Very motivated vendor (owner's mother 70 yrs is working as a cook chef and needs to retire. Price lowered for quick sale. Motivated vendor. Inspections through your broker.

SBX ID

W1975

Figures
  • Takings: $18000/week (GST)
  • Cost of Goods: $5400
  • Gross Profit: $12600
  • Rent: $3182
  • Wages: $4000
  • Outgoings: $417
  • Telephone: $110
  • Insurance: $320
  • Electricity: $250
  • Gas: $65
  • Total Expenses: $8344
  • Nett Profit: $4256
  • Estimated Stock (Additional): $8000
  • All other values ex GST
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