Restaurant- Korean & Vietnamese Cuisine - W2005

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$97,000

Description

<p>Korean and Vietnamese authentic comfort food self serve restaurant with rice paper rolls & shabu bar from lunch to dinner, along with fresh sashimi including salmon, kingfish, and grouper. - </p><p>Stay late and experience a wide range of pocha- style dishes all in one place including fish cake hot pot with udon bossam. High quality shop fitout. -58 seats</p>

Potential

Ideal for convert to any kind of restaurant such as Chinese, Nepalis or Indian. Owner couple operation could save on wages. Internet could increase sales.

Features

Sunny, bright and spacious. - Best location in restaurant street and close to Train station . Cheap rent. - Known for its authentic Korean comfort foods and late night bites

Premises

This business has an area of 120sqm with shabu cook facility installed on each table.

Location

Situated in heart of very busy restaurant street in Inner West.

Trading Hours

7 days - 11:30 am to 12:00 pm Midnight

Lease

Current lease expires September 2027 + 3 yrs option - 3 months bond - rent increases by 1.5% per year.

Employees

1 owner (cook chef) working full time + 1 full timer + 2 part timers.

Comments

<p>Rent includes outgoing ( cheap rent ), For quick sale owner has put a very cheap business price. Motivated vendor. Staff not aware, Appointments only through your SBX broker.</p>

SBX ID

W2005

Figures
  • Takings: $15000/week (GST)
  • Cost of Goods: $5000
  • Gross Profit: $10000
  • Rent: $2100
  • Wages: $3500
  • Insurance: $60
  • Electricity: $769
  • Gas: $75
  • Total Expenses: $6504
  • Nett Profit: $3496
  • Estimated Stock (Additional): $3000
  • All other values ex GST
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