Restaurant – Korean/Asian BBQ Buffet – Under Management

For Sale

·
Inner West

Business Code: M2290

$390,000
+ Estimated Stock (SAV) $13000
Key Features: Long established for 18 years. - Spacious and well presented fit out. - High takings with repeat customers and consistent weekly sales. - Long 10 years lease. - Stable income with short trading hours. - Under management.
State: NSW
Suburb: Campsie
Location: Situated in Inner West area with large Asian community and close to high foot traffic of railway station and new Metro station
Premises: Well presented and newly refurbished shop with total area approx. 250 sqm including large commercial kitchen, renovated cool room and freezer room

Other business venture

Sale Reason

18 years

Established

One parking space at rear. Plenty of free street parking and council parking area.

Parking

Fully under management- 10 staff including full timers and part-timers and casuals.

Employees

7 dinners - 5 p.m. - 9:30 p.m.

Trading Hours

5 + 5 years lease commenced Sept. 2025. - 3% annual increases. - 3 months bond.

Lease

Specialised Korean/Asian BBQ Buffet restaurant serving fresh and high quality meats and side dishes and offering all-you-can-eat BBQ meat and buffet selection. BBQ grill tables with 100 seats inside and 25 seats outside. . Licenced. – Currently using charcoal for BBQ cooking, with plans to transform gas grill cooking which will connect each table ( install new tables ) for comfortable service and easy operation. Currently the business only trading 7 dinners from 5 pm – 9:30 pm., planning to open lunch buffet soon.

Features

Long established for 18 years. - Spacious and well presented fit out. - High takings with repeat customers and consistent weekly sales. - Long 10 years lease. - Stable income with short trading hours. - Under management.

Potential

Adding lunch specials will boost the sales expected to reach $50000 - $60000 a week. Promote marketing through media presence. - A motivated owner operator could save on wages and increase sales and profit.

Comments

Misc.- 1- Refers to waste bill and other general business expenses. A long-standing and budget-friendly Korean BBQ buffet that's loved by locals and has earned great reviews over the years. - Well priced for sale. - A must inspection. - The business details and actual figures will be shown at a meeting.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$36000
Cost of Goods
$12600
Gross Profit
$23400
Rent
$3947
Wages
$10772
Telephone
$20
Insurance
$100
Electricity
$580
Misc 1
$400
Total Expenses
$16260
Estimated Stock
(Additional)
$13000
Net Profit
$7140
Price
$390,000
+ Estimated Stock (SAV) $13000
Price
$390,000
+ Estimated Stock (SAV) $13000
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