Restaurant- Korean & Vietnamese Cuisine

For Sale

·
Strathfield

Business Code: W2005

$97,000
+ 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
$97,000
+ Estimated Stock (SAV) $3000
Price
$97,000
+ Estimated Stock (SAV) $3000
Contact Us

Featured Businesses For Sale

  • Supermarket – Retail – Asian Groceries

    North West Sydney

    NSW

    Net Profit: $4000

    Code: FN1354

    $240,000

  • Cards – Gifts – Retail – Online – Stock Included

    Upper North Shore

    NSW

    Code: SFD1088

    $55,000

Related Businesses For Sale

  • Cafe – Restaurant – Functions – Indian Fusion Dining

    Lower North Shore

    NSW

    Net Profit: $2950

    Code: F3508

    $198,000

  • Restaurant – Japanese Cuisine – Takeaway

    Sydney CBD

    NSW

    Net Profit: $8000

    Code: FN1375

    $350,000

  • Cafe – Restaurant – Under Management

    Upper North Shore

    NSW

    Net Profit: $2905

    Code: CB1543

    $125,000

  • Cafe – Restaurant

    West Sydney

    NSW

    Net Profit: $4907

    Code: AD1002

    $450,000

  • Restaurant – Korean Noodle House – Takeaway

    Upper North Shore

    NSW

    Net Profit: $4059

    Code: W2006

    $120,000

  • Restaurant – Japanese BBQ Dining

    City Fringe

    NSW

    Net Profit: $4697

    Code: W2012

    $390,000