Restaurant - Korean Cuisine - FN1369

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$550,000

Description

<p>Well-known Korean BBQ restaurant specialising in premium pork and duck dishes, complemented by a wide range of traditional Korean favourites including marinated meats, Korean fried chicken, hot pots, seafood dishes, and authentic side dishes. The venue offers 56 indoor seats, creating a comfortable and vibrant dining atmosphere suitable for family gatherings, group functions, and corporate events. Fully equipped with BBQ tables, a commercial kitchen, cool room, and ample storage area, the business is designed for efficient and profitable operations. Licensed premises with a strong local reputation and loyal customer base.</p>

Potential

Ideal for an owner-operator or family business.-Opportunity to increase sales through catering, functions, and online delivery platforms.-Potential to grow liquor sales through promotions and group bookings.-Benefit from growing residential population and strong Korean community.-Potential to extend trading hours or introduce lunch service.

Features

Well-established Korean BBQ restaurant -Strong weekly sales and excellent profitability.-Licensed premises.-Prime location in a popular Korean dining precinct.-Loyal repeat customer base.-Fully equipped restaurant operation.-High-profile street exposure.-Easy-to-operate business with experienced staff.

Premises

Well-presented restaurant of approx. 95 sq. .mts, The premises feature a fully equipped commercial kitchen, BBQ dining setup, cool room, storage facilities, preparation area, and quality fit-out throughout, providing an efficient and easy-to-manage operation.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

6 days - Monday, Wednesday to Sunday: 3 pm to 10 pm. Closed Tuesday

Lease

5 + 5 year lease commenced June 2023 - 3 months bond, Increases 4% per annum

Employees

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

Comments

<p>A highly regarded Korean BBQ restaurant with strong weekly turnover, excellent profitability, and an established customer base. A rare opportunity to acquire a successful and well-known hospitality business in the heart of Lidcombe's Korean precinct.</p>

SBX ID

FN1369

Figures
  • Takings: $30000/week (GST)
  • Cost of Goods: $7500
  • Gross Profit: $22500
  • Rent: $1800
  • Wages: $3500
  • Outgoings: $220
  • Telephone: $20
  • Insurance: $30
  • Electricity: $460
  • Gas: $280
  • Misc 1: $190
  • Total Expenses: $6500
  • Nett Profit: $16000
  • Estimated Stock (Additional): $10000
  • All other values ex GST
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