Restaurant – Korean Charcoal BBQ

For Sale

·
Inner West

Business Code: FN1344

$420,000
+ Estimated Stock (SAV) $5000
Key Features: Established and profitable Korean charcoal BBQ restaurant- Large outdoor dining area- Strong cash flow with loyal customer base- Prime location in Korean area of Inner West Sydney. Licensed.
State: NSW
Suburb: Lidcombe
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.
Premises: Spacious layout with indoor and outdoor seating for 112 patrons, full kitchen, cool room, storage, and well-maintained dining facilities designed for charcoal BBQ operations.
Price not disclosed

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Owner is selling to open a larger restaurant.

Sale Reason

09/2024

Established

5 car spaces.

Parking

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

Employees

7 days – 12:00 pm to 1:00 am.

Trading Hours

5 + 5 year lease commenced September 2022, - 5 months bond, Increases 4% per annum

Lease

Restaurant serving authentic Korean charcoal BBQ cuisine, featuring tabletop grills at each table for a true Korean dining experience. The menu offers a wide range of high-quality marinated and fresh meats including beef ribs, pork belly, and chicken, complemented by assorted seafood, scallops, vegetables, and traditional Korean side dishes. Additional popular items include Korean fried chicken, hotpots, and Korean-style snacks.The restaurant provides 56 indoor seats and 56 outdoor seats, creating a lively and spacious dining environment. Fully equipped with a full commercial kitchen, cool room, and large storage area, the venue is well set up for high turnover operation.- Licensed

Features

Established and profitable Korean charcoal BBQ restaurant- Large outdoor dining area- Strong cash flow with loyal customer base- Prime location in Korean area of Inner West Sydney. Licensed.

Potential

Ideal for a family-run business or experienced owner-operator.- Opportunities to increase sales through catering, events, or delivery to nearby residential areas.-Liquor licence already in place - potential to grow alcohol sales.- High exposure location with heavy pedestrian traffic and strong local demand.

Comments

Strong-performing and beautifully presented Korean BBQ restaurant with excellent facilities and consistent weekly sales. - Perfect opportunity for a motivated owner or investor seeking a profitable and well-established restaurant in a prime location.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$35000
Cost of Goods
$10000
Gross Profit
$25000
Rent
$2820
Wages
$11000
Telephone
$20
Insurance
$30
Electricity
$230
Misc 1
$170
Total Expenses
$15000
Estimated Stock
(Additional)
$5000
Net Profit
$10000
Price
$420,000
+ Estimated Stock (SAV) $5000
Price
$420,000
+ Estimated Stock (SAV) $5000
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