Restaurant – Asian Cuisine

For Sale

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Inner West

Business Code: W1805

$139,000
+ Estimated Stock (SAV) $8000
Key Features: Prime corner location - Spacious and modern shop fit out - Ready for any kind of BBQ restaurant.
State: NSW
Suburb: Strathfield
Location: Modern restaurant situated on prime corner in Inner West Sydney.
Premises: Asian restaurant with a modern fit out and an area of 260 sq. mts. situated on first floor of building.
Price not disclosed

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Private reasons

Sale Reason

12 yrs

Established

Shopping centre carpark + street parking

Parking

Under management - 5 full timers + 6 part timers

Employees

6 days - Mon. - Thurs. - 5.30 p.m. - 9.30 p.m. (dinner only) Fri. -Sun.-12.00- 9.30 p.m. - Closed Tues.

Trading Hours

5 + 5 year lease from Sept. 2019 - 3 months bond - Rent increases 5% per year.

Lease

Restaurant serving a huge variety of authentic Korean dishes – Lunch combo, Park cutlet, braised pork belly, jokbal, bossam combo, noodles, katsu, hot pots, bulgogi, 9 different fried chicken menus, exhaust system on ceiling and each stone table has LNG gas BBQ system installed. Strong power air conditioning installed. – 110 seats – Liquor license obtained until 1:00 a.m

Features

Prime corner location - Spacious and modern shop fit out - Ready for any kind of BBQ restaurant.

Potential

Existing cooking system can be utilised - convert to Chinese hot pot, Korean BBQ, Japanese cuisine or Thai. - Owner couple could save on wages, Promote through internet media.

Comments

If the new owner wants to convert to the duct system for a BBQ Restaurant it would cost approx. $80,000 to connect. Owner has invested over $400,000. - Full training will be provided by vendor with recipes. -Owner plans to open another restaurant. - Not a franchise, - Motivated vendor - For inspection please contact your broker - please do not contact staff or owner.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$30000
Cost of Goods
$10000
Gross Profit
$20000
Rent
$4301
Wages
$10000
Insurance
$95
Electricity
$500
Total Expenses
$15196
Estimated Stock
(Additional)
$8000
Net Profit
$4804
Price
$139,000
+ Estimated Stock (SAV) $8000
Price
$139,000
+ Estimated Stock (SAV) $8000
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