Restaurant -Korean Cuisine - W2004

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$380,000

Description

<p>An atmospheric restaurant serving distinctive Korean & Japanese fusion delicious dishes. - such as spicy fish cake pot, sweet and spicy chicken hot pot, pork schnitzel meals, etc. - Contains comfortable indoor seating of 78 and a spacious 180 sq. mt. venue stylishly presented with an inviting atmosphere and quality fit out. The venue is well positioned to capitalise on strong food traffic from surrounding commercial activity and visitors to the area. Sells soju liquor until 11 p.m.</p><p>Offering a fully equipped commercial kitchen, established systems and broad customer appeal, this business presents an attractive opportunity for an owner - operator or hospitality group seeking a quality hospitality operation with scale, flexiblility and further growth potentials.</p>

Potential

If operated by the owner, couple or as a partnership, net profit can be higher. Advertising and menu development. via internet media, plus other additions to advertising can help increase sales. Its a great location and size for a popular restaurant - suitable as a Chinese restaurant or a Korean BBQ

Features

Prime location. - Top spot for casual catch-ups over delicious bites. - Embrace modern dining with charcuterie a culinary adventure.

Premises

This business has an area of 180 sq.mts. ( including out door area approx. 60 sq.mts)

Location

Situated in street full of cafes and restaurants in Inner West.

Trading Hours

6 days - Closed Monday. Tuesday to Sunday: 11:00 am to 3:00 pm & 4:00 pm to 12:00 midnight

Lease

Current lease expires April 2027 - 3 months bond - Rent increases by 4% per year - New 5 yr. lease available.

Employees

1 owner ( working full time management, serving) + 2 full timers + 3 part timers.

Comments

<p>Rent includes outgoings. - Previously was a licensed cafe.</p>

SBX ID

W2004

Figures
  • Takings: $24500/week (GST)
  • Cost of Goods: $6125
  • Gross Profit: $18375
  • Rent: $3462
  • Wages: $6250
  • Insurance: $70
  • Electricity: $500
  • Gas: $175
  • Total Expenses: $10457
  • Nett Profit: $7918
  • Estimated Stock (Additional): $8000
  • All other values ex GST
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