Restaurant – Korean Cuisine

For Sale

·
Lower North Shore

Business Code: FN1359

$280,000
+ Estimated Stock (SAV) $8000
Key Features: Prime location in a busy dining precinct.- Exceptionally low rent.- Stylish retro fit-out with strong brand identity..- Extensive liquor offering with premium Korean beverages.- Secure long lease in place.
State: NSW
Suburb: Chatswood
Location: Situated in the heart of Lower North Sydney surrounded by offices, apartments, retail shopping, and heavy pedestrian traffic. Excellent visibility and easy access to train station and transport hub.
Premises: Modern Korean restaurant / bar dining venue with stylish fit-out, full commercial kitchen, storage, and an area of approx, 159 sq. mts.

Owner wishes to focus on another business

Sale Reason

04/2022

Established

2 spaces

Parking

Under Management - 2 full timers + 2 casuals

Employees

6 days - Tuesday to Saturday: 5:00 pm to late. Sunday: 5:00 pm to 11:00 pm. Closed Monday

Trading Hours

5 + 5 year lease commenced April 2022 - 3 months bond - Rent increases 2.8% per year.

Lease

Well-established Korean casual bar & dining restaurant, inspired by the retro energy and modern flavours of Seoul. The venue offers a unique dining experience with stylish Korean nostalgia-themed decor, creating a vibrant atmosphere ideal for date nights, social gatherings, and after-work dining. Popular signature dishes include spicy tomato mussel stew, minari pancake with dried shrimp, cheese hamburger steak, wagyu, chilli mapo tofu, Korean fried chicken, slow cooked whole chicken soup, and a variety of creative Korean share plates. The business also features an extensive Korean drinks list including premium soju, Korean craft beers, highballs, wine, and cocktails. Fully equipped with a commercial kitchen, exhaust ventilation, refrigeration, freezer, storage, and quality fixtures, the restaurant is ready for immediate operation. – 40 seats inside – fully licensed

Features

Prime location in a busy dining precinct.- Exceptionally low rent.- Stylish retro fit-out with strong brand identity..- Extensive liquor offering with premium Korean beverages.- Secure long lease in place.

Potential

Excellent opportunity for an owner-operator couple or hospitality group.- Extend trading to 7 days per week and capture additional demand.- Introduce lunch service to nearby office workers and shoppers.- Expand delivery, takeaway, and catering services.- Increase online marketing and social media presence.- Reduce wage costs through owner operation.- Suitable for other premium Asian dining concepts, bar dining, or fusion cuisine

Comments

Rare opportunity to acquire one of the Lower North Shores most unique Korean dining venues with very low rent, strong branding, and solid turnover. Ideal for buyers seeking a profitable hospitality business with further upside. Motivated vendor. Inspections strictly by appointment only. Staff unaware of sale.- Wage based on 1 owner operating

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$12000
Cost of Goods
$3600
Gross Profit
$8400
Rent
$1150
Wages
$2500
Telephone
$20
Insurance
$30
Electricity
$100
Misc 1
$100
Total Expenses
$4000
Estimated Stock
(Additional)
$8000
Net Profit
$4400
Price
$280,000
+ Estimated Stock (SAV) $8000
Price
$280,000
+ Estimated Stock (SAV) $8000
Contact Us

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