Korean Cuisine Restaurant

For Sale

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Inner West

Business Code: W1953

$55,000
+ Estimated Stock (SAV) $6000
Key Features: A good size restaurant for any kind of cuisine - Spacious with room for more tables. - Well set up full kitchen - Wide frontage. - Reduced for quick sale.
State: NSW
Suburb: Ashfield
Location: Situated in busy Asian shopping street in Inner West.on busy main road.
Premises: This restaurant has an area of 180 sq.mts.
Price not disclosed

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Private reasons

Sale Reason

15 yrs

Established

Street parking

Parking

1 owner fulltime + 4 parttimers.

Employees

7 days - Monday to Saturday: 11:30 am to 3:00 pm & 5:00 pm to 10:00 pm. Sunday: 11:30 am to 3:00 pm & 5:00 pm to 9:00 pm.

Trading Hours

Current lease expires November 2028 + 3 yr option- Bond 3 months - Rent increases by 1.4% per year

Lease

Famous Korean food restaurant with well known menu including pork belly with kimchi stew hot pot, spicy sausage hot pot, brisket soy bean stew, soft tofu stew with egg, seafood mix, pork kimchi stew, beef soup with spring onion, deluxe chicken soup, ox bone soup, dumpling soup, beef bulgogi stew, beef bulgogi stir fry and side menu such as fried dumplings, chives pancake, corn cheese, soy garlic chicken, and sweet & spicy chicken. also sells soju, rice wine and beer. – Liquor license until 10:00 pm,- 36 seats inside.

Features

A good size restaurant for any kind of cuisine - Spacious with room for more tables. - Well set up full kitchen - Wide frontage. - Reduced for quick sale.

Potential

Perfect location and shop size for Chinese restaurant with many Chinese people living in this area. Ideal family business. Can easy convert to Chinese, Thai, Japanese Restaurant. Do more advertising through Internet.

Comments

Outgoing of $264 p.w. is building insurance, council rates, rubbish. - Sales now increasing every month. For quick sale vendor has reduced business price. ideal for family business. Staff are not aware, inspections through your broker

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$11000
Cost of Goods
$3000
Gross Profit
$8000
Rent
$1633
Wages
$2200
Insurance
$162
Electricity
$138
Total Expenses
$4451
Estimated Stock
(Additional)
$6000
Net Profit
$3549
Price
$55,000
+ Estimated Stock (SAV) $6000
Price
$55,000
+ Estimated Stock (SAV) $6000
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