Restaurant – Korean Cuisine – BBQ

For Sale

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Inner West

Business Code: W1753

$300,000
+ Estimated Stock (SAV) $7000
Key Features: Specialised BBQ Restaurant - Excellent spacious fit out - Beautiful courtyard area with 24 seats - Stable and growing business. - No competition in Sydney.
State: NSW
Suburb: Homebush
Location: Situated in busy Inner West shopping strip close to train station, residential and commercial areas.
Premises: This business has an area of 160 sq.mts. with outside courtyard and pergola area.
Price not disclosed

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Private reasons

Sale Reason

4 yrs

Established

Plenty of street parking.

Parking

2 owners + 2 fulltimers + 6 casuals

Employees

7 days - Mon. - Tues. - Thurs. -Fri. - Sat. - Sun. - 11:30 a.m.-10:30 p.m. - Wed. - 5.00 p.m. - 10.30 p.m.

Trading Hours

5 + 5 yr. lease commenced 28 /10 / 2019 - 3 months bond - 4% rent increases per year.

Lease

Restaurant serving specialised BBQ cuisine including entrees, eel BBQ, duck soup with rice, pork and beef BBQ, lunch specials, hag fish BBQ, wagu BBQ, fish BBQ, seafood noodles, and 15 varieties of delicious meals and noodles. – Licensed – Lovely outside courtyard area with 24 seats – 63 seats inside – big commercial full kitchen with cool room, and freezer – 3 restrooms, – Liquor license until 12:00 midnight.- Function room upstairs.

Features

Specialised BBQ Restaurant - Excellent spacious fit out - Beautiful courtyard area with 24 seats - Stable and growing business. - No competition in Sydney.

Potential

Suit family business. - Huge potential - Ideal for motivated owner operator. - More marketing within the local area for catering. - Promote and deliver to surrounding apartments and residential area. - Huge apartments under construction nearby.

Comments

Outgoings - Council rates $33 p.w. land tax $ 115 p.w. -Due to family problems reduced for quick sale very famous restaurant in the Asian community. - Eels are imported from Tasmania.- Low food cost - Motivated vendor - Staff are not aware of sale so please be discreet - Before inspection please contact agent. - Owner will provide full training for one month with recipes.- A must inspection.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$20000
Cost of Goods
$6300
Gross Profit
$13700
Rent
$2056
Wages
$4000
Insurance
$30
Electricity
$109
Misc 1
$700
Total Expenses
$7163
Estimated Stock
(Additional)
$7000
Net Profit
$6537
Price
$300,000
+ Estimated Stock (SAV) $7000
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