Restaurant- Korean & Vietnamese Cuisine

For Sale

·
Inner West Sydney

Business Code: W2005

$75,000
+ Estimated Stock (SAV) $3000
Key Features: Sunny, bright and spacious. - Best location in restaurant street and close to Train station . Cheap rent. - Known for its authentic Korean comfort foods and late night bites
State: NSW
Suburb: Strathfield
Location: Situated in heart of very busy restaurant street in Inner West.
Premises: This business has an area of 120sqm with shabu cook facility installed on each table.

Private reasons

Sale Reason

7 yrs

Established

1 car park

Parking

1 owner (cook chef) working full time + 1 full timer + 2 part timers.

Employees

7 days - 11:30 am to 12:00 pm Midnight

Trading Hours

Current lease expires September 2027 + 3 yrs option - 3 months bond - rent increases by 1.5% per year.

Lease

Korean and Vietnamese authentic comfort food self serve restaurant with rice paper rolls & shabu bar from lunch to dinner, along with fresh sashimi including salmon, kingfish, and grouper. – Stay late and experience a wide range of pocha- style dishes all in one place including fish cake hot pot with udon bossam. High quality shop fitout. – 58 seats

Features

Sunny, bright and spacious. - Best location in restaurant street and close to Train station . Cheap rent. - Known for its authentic Korean comfort foods and late night bites

Potential

Ideal for convert to any kind of restaurant such as Chinese, Nepalis or Indian.- Owner couple operation could save on wages. Internet could increase sales.

Comments

Rent includes outgoing ( cheap rent ), For quick sale owner has put a very cheap business price. Motivated vendor. Staff not aware, Appointments only through your SBX broker.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$15000
Cost of Goods
$5000
Gross Profit
$10000
Rent
$2100
Wages
$3500
Insurance
$60
Electricity
$769
Total Expenses
$6504
Estimated Stock
(Additional)
$3000
Net Profit
$3496
Price
$75,000
+ Estimated Stock (SAV) $3000
Price
$75,000
+ Estimated Stock (SAV) $3000
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