Restaurant- Korean BBQ- Korean Cuisine

For Sale

·
City Fringe

Business Code: FN1378

$240,000
+ Estimated Stock (SAV) $5000
Key Features: Near new high quality fit-out and equipment throughout - Selling well below original setup cost - Low rent - Liquor licence - Cool room and freezer room - Rare turnkey Korean BBQ opportunity - Ready for an experienced operator to take over and commence trading.
State: NSW
Suburb: Pyrmont
Location: Prime location in a vibrant residential and commercial precinct on the Sydney City Fringe, surrounded by apartments, offices and strong local foot traffic.
Premises: Spacious 143 sq.m premises with high-quality near-new fit-out and equipment throughout. Fully equipped with cool room, freezer room and ample storage.

Vendor currently operates two restaurants and has decided to sell this business to focus more time and resources on the other restaurant.

Sale Reason

Nov. 2025

Established

Street parking

Parking

1 owner + 2 full timers + 2 casuals

Employees

6 days - Tuesday to Sunday: 11:30 am to 3 pm & 4:30 pm to 10 pm

Trading Hours

5 + 5 year lease commenced April 2025 - 4% increase per year - 3 months bond

Lease

Rare opportunity to acquire a well-presented Korean BBQ restaurant positioned as the only dedicated Korean restaurant, enjoying limited direct competition and serving a strong mix of local residents, office workers, tourists and group diners. The restaurant specialises in authentic Korean BBQ featuring premium Australian Wagyu beef and pork, together with popular traditional Korean dishes including kimchi stew, Korean pancakes, noodles and Korean fried chicken. The business features a modern brand-new fit-out with all equipment purchased new, providing an impressive turnkey setup for an incoming operator. The premises also include a liquor licence, adding further potential to maximise dinner and group dining trade. Well suited to corporate functions, birthdays, group dining and private events, with indoor capacity for approximately 60 guests..

Features

Near new high quality fit-out and equipment throughout - Selling well below original setup cost - Low rent - Liquor licence - Cool room and freezer room - Rare turnkey Korean BBQ opportunity - Ready for an experienced operator to take over and commence trading.

Potential

Introduce delivery services to generate additional sales. Increase online and social media marketing. - Ideal for an owner-operator or family business to reduce wage costs and improve profitability. - Further potential to extend trading hours and open 7 days.

Comments

Rare turnkey Korean BBQ opportunity with near-new high-quality fit-out and equipment throughout. Offered well below the original setup cost, allowing an incoming operator to avoid the substantial cost and time involved in establishing a new restaurant from scratch. Sale includes the fit-out, equipment and lease opportunity. Existing brand, branding and proprietary recipes / IP are excluded. - General operational training and handover will be provided.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$12500
Cost of Goods
$3700
Gross Profit
$8800
Rent
$1442
Wages
$3000
Telephone
$20
Insurance
$30
Electricity
$230
Misc 1
$78
Total Expenses
$5100
Estimated Stock
(Additional)
$5000
Net Profit
$3700
Price
$240,000
+ Estimated Stock (SAV) $5000
Price
$240,000
+ Estimated Stock (SAV) $5000
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