Restaurant – Chinese & Korean Cuisine

For Sale

·
Inner West

Business Code: W2003

$189,000
+ Estimated Stock (SAV) $5000
Key Features: Best location on main eatery street. Good size shop. Long history stable business. - Reasonable rent. - Well known Chinese / Korean Restaurant.
State: NSW
Suburb: Lidcombe
Location: Situated on busy restaurant and cafe strip in Inner West.
Premises: This business has an area of 120-sqm

Too many businesses (3 shops)

Sale Reason

16 yrs

Established

Close to public car park

Parking

Fully under Management - 2 cook chefs full time- 2 hall staff part .

Employees

7 days - 11:00 am to 9:00 pm

Trading Hours

Current lease expires February 2031 - 3 months bond - rent increases by 5% per year

Lease

Authentic Korean-Chinese cuisine restaurant celebrated for its vibrant flavours and diverse menu offerings. Customer reviews consistently highlight the extensive range of options, from the rich and savory black bean noodles to the hearty beef brisket noodle soup, showcasing a commitment to quality and authenticity. The menu features an impressive selection of Korean favorites, including stir-fried seafood noodles, cold buckwheat noodles, and tantalizing sweet and sour pork, each dish prepared to perfection. The inviting atmosphere is complemented by friendly and attentive service, ensuring a pleasant dining experience that keeps patrons coming back for more. Many reviews express satisfaction with the generous portion sizes and reasonable prices – 40 seats inside

Features

Best location on main eatery street. Good size shop. Long history stable business. - Reasonable rent. - Well known Chinese / Korean Restaurant.

Potential

Owner couple could save on wages - . Advertise through internet - Open home delivery. - Add to menu.

Comments

Rent includes outgoing. For new owner plenty of days full training with recipes. Sales can be verified with Eptpos machine sales. Motivate vendor a must inspection. Staff are not aware inspections only through your SBX broker

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$23000
Cost of Goods
$6500
Gross Profit
$16500
Rent
$2700
Wages
$5500
Insurance
$60
Electricity
$400
Total Expenses
$8967
Estimated Stock
(Additional)
$5000
Net Profit
$7533
Price
$189,000
+ Estimated Stock (SAV) $5000
Price
$189,000
+ Estimated Stock (SAV) $5000
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