Restaurant - Korean Cuisine -Takeaway - FN1360

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$175,000

Description

<p>Well-established modern Korean dining restaurant located in the vibrant precinct. The business offers a contemporary menu featuring popular Korean dishes including bibimbag combo, kimchi fried rice, budae jjigae, fried chicken, tteokbokkki steamed pork belly and noodle soup, supported by a strong beverage offering.-</p><p>The venue presents a stylish and slightly hip dining atmosphere that suits the local demographic of students, young professionals, and creatives in the area. It includes 52 indoor seats creating a bright, relaxed and socially engaging environment.</p><p>Fully equipped with a commercial kitchen, storage, and amenities, the business is ready for immediate operation. -Licenced.</p>

Potential

Approx. 200 new university population expected nearby, driving additional foot traffic Strong evening trade supported by a late dining culture with alcohol-friendly environment up to midnight-Opportunity to expand delivery, takeaway, and catering channels- Potential to increase profitability through owner operation- Suitable for Korean, fusion, or modern casual dining concepts

Features

Prime City fringe location-Trendy, hip-style dining environment appealing to local demographic- Strong weekly sales and consistent customer base- Full liquor licence in place- Fully equipped commercial kitchen- Well established local reputation

Premises

Well-presented restaurant of approx. 150 sqm including full kitchen, storage, and amenities.

Location

Situated in a high-density City fringe precinct surrounded by universities, offices, residential apartments, and creative hubs, known for its trendy food scene and strong foot traffic.

Trading Hours

6 days - Monday to Saturday: 11:30 am to 3 pm & 5:30 pm to 10 pm.

Lease

New 2 + 3 year lease commenced June 2026 - 4% increases per year - 3 months bond

Employees

2 owners, 1 casual for weekdays and 3 casusals for weekend

Comments

<p>Wage based on 1 owner operating- Stylish and well-positioned modern Korean restaurant in a highly desirable inner-city location. Strong weekly sales with clear growth potential. Vendor will provide full training and recipes. Inspection highly recommended.</p>

SBX ID

FN1360

Figures
  • Takings: $12000/week (GST)
  • Cost of Goods: $3600
  • Gross Profit: $8400
  • Rent: $2155
  • Wages: $2200
  • Outgoings: $110
  • Telephone: $20
  • Insurance: $30
  • Electricity: $300
  • Gas: $150
  • Misc 1: $35
  • Total Expenses: $5000
  • Nett Profit: $3400
  • Estimated Stock (Additional): $5000
  • All other values ex GST
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