Restaurant – Korean Cuisine – Franchise

For Sale

·
Inner West

Business Code: W1981

$319,000
+ Estimated Stock (SAV) $30000
Key Features: Prime location in restaurant street in Inner West. - Large store with plenty of space and seats - Good place for group meetings or parties. Food is very famous and delicious. - Full training available with recipes. Steady sales business.
State: NSW
Suburb: Eastwood
Location: Situated in the heart of Inner West amongst restaurants and cafes on commercial street.
Premises: This business has two storeys and is quite a big restaurant with an area of 300 sq. mts. and main kitchen with 3 cool rooms upstairs.
Price not disclosed

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Owner is a franchisor of 13 stores and wants to take a rest.

Sale Reason

3 yrs

Established

2x Car space at back yard.

Parking

1 Manager + 4 full time (incl. chef ) + 5 part time

Employees

Open 7 days - Monday to Sunday: 11:00 am to 10:00 pm

Trading Hours

Current lease expires November 2029 - 3 months bond - rent increases by 3% per year.

Lease

Authentic Korean franchise food & beer restaurant – A vibrant fried chicken spot with a relaxed, welcoming vibe. – Alongside its signature crispy chicken in various styles from classic bone-in to creamy and spicy boneless. It also serves hearty Korean favourites like pork bulgogi, short ribs, stews and popular sides include mozzarella sticks, cheese sticks and sweet potato chips. -Asahi beer and soju. Its a local hotspot for authentic Korean flavours. – Upstairs 51 seats – downstairs 45 seats. – Liquor license until 10:00pm

Features

Prime location in restaurant street in Inner West. - Large store with plenty of space and seats - Good place for group meetings or parties. Food is very famous and delicious. - Full training available with recipes. Steady sales business.

Potential

Suits a family business - could save on wages with higher net profit. Do more advertising through local papers and internet.

Comments

Korean fried chicken franchise business (13 stores in Sydney) - Misc.-1- Royalty 4% - Food cost 25%-30% of sales. - Easy to operate - Head office supplies chicken sauce, chicken boxes, packing materials (containers). Rent $3,804 includes outgoings. A must inspection. Motivated vendor. Staff not aware and inspections only through your broker.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$30000
Cost of Goods
$12000
Gross Profit
$18000
Rent
$3804
Wages
$9500
Electricity
$1030
Misc 1
$1200
Total Expenses
$15884
Estimated Stock
(Additional)
$30000
Net Profit
$2116
Price
$319,000
+ Estimated Stock (SAV) $30000
Price
$319,000
+ Estimated Stock (SAV) $30000
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