Restaurant – Korean BBQ

For Sale

·
South Sydney

Business Code: W2007

$319,000
+ Estimated Stock (SAV) $10000
Key Features: No competition. - Best location in the outdoor foodcourt. - Well known Korean BBQ with over 7 yrs stable business. Fully under management. Excellent reputation with outstanding social media reviews and consistent repeat patronage.- Full liquor licence - Quality equipment. Established operating systems in place.
State: NSW
Suburb: Wolli Creek
Location: Situated in outside food court close to train station and surrounded by huge apartment complex in South Sydney.
Premises: This business has an are of 160 sq. mts. inside + 24 sq. mts. out side seating area.

Private reasons

Sale Reason

7 years

Established

Public car park, Huge apartment complex car park

Parking

Fully under Management - (morning) 3 full timers + 1 part timer - (afternoon) 3 full timers + 2 part timers.

Employees

7 days - Monday to Sunday: 11:30 am to 3:00 pm & 5:00 pm to 10:00 pm.

Trading Hours

5 year lease from April 2024 + 5 yrs option (market value) - Bond 3 months. rent increases by 5% per year

Lease

Restaurant specialising in grilled Korean BBQ and renowned for its authentic Korean flavours. Diners praise the delicious fried chicken and bulgogi hot pot, often highlighting their crispiness and rich taste. The restaurant offers a variety of traditional dishes like bibimbap and seafood pancakes, catering to diverse palates while providing an inviting atmosphere. Fully equipped with a commercial kitchen, cool room, toilet, and ample storage, this restaurant is ready for smooth operation. – Many reviews commend the exceptional food quality with standout items such as the fried chicken that is crispy outside yet tender inside. The menu features classic dishes like bulgogi beef and various side plates that offer something for everyone.- Liquor license until 10:00 p.m.- 42 seats inside – 24 seats outside.

Features

No competition. - Best location in the outdoor foodcourt. - Well known Korean BBQ with over 7 yrs stable business. Fully under management. Excellent reputation with outstanding social media reviews and consistent repeat patronage.- Full liquor licence - Quality equipment. Established operating systems in place.

Potential

Owner couple could save on wages. activate home delivery surrounding apartments - Advertise through internet and local paper. - Add more to menu such as gamjatang, bossam, slices of boiled beef. etc.

Comments

At present under management - New owner couple could make much higher income. Stable business.

Vendor will provide full training and recipes. Inspection highly recommended - contact your SBX Business Broker.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$22500
Cost of Goods
$6750
Gross Profit
$15750
Rent
$3140
Wages
$6700
Insurance
$385
Electricity
$154
Misc 1
$150
Total Expenses
$10760
Estimated Stock
(Additional)
$10000
Net Profit
$4990
Price
$319,000
+ Estimated Stock (SAV) $10000
Price
$319,000
+ Estimated Stock (SAV) $10000
Contact Us

Featured Businesses For Sale

  • Supermarket – Retail – Asian Groceries

    North West Sydney

    NSW

    Net Profit: $4000

    Code: FN1354

    $180,000

  • Cards – Gifts – Retail – Online – Stock Included

    Upper North Shore

    NSW

    Code: SFD1088

    $55,000

Related Businesses For Sale

  • Cafe – Takeaway – Restaurant

    North West Sydney

    NSW

    Net Profit: $10000

    Code: FN1387

    $490,000

  • Restaurant – Korean Cuisine

    Sydney CBD

    NSW

    Net Profit: $3500

    Code: FN1383

    $200,000

  • Restaurant – Bar – Fully Licensed – Seafood – Under Management

    Gold Coast, QLD

    NSW

    Net Profit: $1614

    Code: T3012

    $185,000

  • Sushi Train- Takeaway- Restaurant

    Northern Beaches

    NSW

    Net Profit: $5475

    Code: FN1379

    $245,000

  • Restaurant – Korean/Asian BBQ Buffet – Under Management

    Inner West

    NSW

    Net Profit: $7140

    Code: M2290

    $390,000

  • Restaurant – Chinese Cuisine -Takeaway

    Eastern Suburbs Sydney

    NSW

    Net Profit: $2000

    Code: M2288

    $35,000