Restaurant - Korean BBQ - W2008

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$149,000

Description

<p>Restaurant specialising in grilled Korean BBQ and renowned for its authentic Korean flavors. - Diners praise the delicious fried chicken and bulgogi hot pot, often highlighting their crispiness and rich taste. The restaurant offers a variety of traditional dishes like bibimbap and seafood pancakes, catering to diverse palates while providing an inviting atmosphere. Fully equipped with a commercial kitchen, cool room, toilet, and ample storage, this restaurant is ready for smooth operation. - Each table has BBQ grill installed. - Many reviews commend the exceptional food quality with standout items such as the fried chicken that is crispy outside yet tender inside. The menu features classic dishes like bulgogi beef and various side plates that offer something for everyone.- Liquor license until 10:00 p.m.- 55 seats inside - (could put 4 seats outside)</p>

Potential

Owner couple could save on wages. activate home delivery surrounding apartments and shops - Advertise through internet and local paper. - Add more to menu such as gamjatang, bossam, slices of boiled beef. etc.

Features

Newly renovated.- No competition. - Best location - Google rating 5.0 - Well known Korean BBQ. - Excellent reputation with outstanding social media reviews and consistent repeat patronage.- Full liquor licence - Quality equipment. Cool room and storage.

Premises

This business has an area of 160sqm

Location

Situated in restaurant, hotel and motel street in the Upper North Shore.

Trading Hours

7 days - 11:30 am to 3:00 pm & 5:00 pm to 10:00 pm

Lease

3 year lease from November 2025 + 3 yrs. option - 3 months bond - Rent increases by 5% per year

Employees

1 owner working as chef + 2 full timers + 2 parttimers

Comments

<p>Absolutely no competition. Urgent sale due to owner's health problem - A must inspection. Staff not aware. Inspections only through your SBX brokers.</p>

SBX ID

W2008

Figures
  • Takings: $12000/week (GST)
  • Cost of Goods: $3600
  • Gross Profit: $8400
  • Rent: $1782
  • Wages: $3259
  • Outgoings: $192
  • Insurance: $50
  • Electricity: $212
  • Gas: $92
  • Total Expenses: $5587
  • Nett Profit: $2813
  • Estimated Stock (Additional): $8000
  • All other values ex GST
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