Restaurant - Korean Cuisine - Franchise - W1981

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$319,000

Description

Authentic Korean franchise food & beer restaurant - A vibrant fried chicken spot with a relaxed, welcoming vibe. - Alongside its signature crispy chicken in various styles from classic bone-in to creamy and spicy boneless. It also serves hearty Korean favourites like pork bulgogi, short ribs, stews and popular sides include mozzarella sticks, cheese sticks and sweet potato chips. -Asahi beer and soju. Its a local hotspot for authentic Korean flavours. - Upstairs 51 seats - downstairs 45 seats. - Liquor license until 10:00pm

Potential

Suits a family business - could save on wages with higher net profit. Do more advertising through local papers and internet.

Features

Prime location in restaurant street in Inner West. - Large store with plenty of space and seats - Good place for group meetings or parties. Food is very famous and delicious. - Full training available with recipes. Steady sales business.

Premises

This business has two storeys and is quite a big restaurant with an area of 300 sq. mts. and main kitchen with 3 cool rooms upstairs.

Location

Situated in the heart of Inner West amongst restaurants and cafes on commercial street.

Trading Hours

Open 7 days - Monday to Sunday: 11:00 am to 10:00 pm

Lease

Current lease expires November 2029 - 3 months bond - rent increases by 3% per year.

Employees

1 Manager + 4 full time (incl. chef ) + 5 part time

Comments

Korean fried chicken franchise business (13 stores in Sydney) - Misc.-1- Royalty 4% - Food cost 25%-30% of sales. - Easy to operate - Head office supplies chicken sauce, chicken boxes, packing materials (containers). Rent $3,804 includes outgoings. A must inspection. Motivated vendor. Staff not aware and inspections only through your broker.

SBX ID

W1981

Figures
  • Takings: $30000/week (GST)
  • Cost of Goods: $12000
  • Gross Profit: $18000
  • Rent: $3804
  • Wages: $9500
  • Electricity: $1030
  • Gas: $350
  • Misc 1: $1200
  • Total Expenses: $15884
  • Nett Profit: $2116
  • Estimated Stock (Additional): $30000
  • All other values ex GST
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