Restaurant – Korean Cuisine -Takeaway

For Sale

·
City Fringe

Business Code: FN1360

$175,000
+ Estimated Stock (SAV) $5000
Key Features: Prime City fringe location-Trendy, hip-style dining environment appealing to local demographic- Strong weekly sales and consistent customer base- Full liquor licence in place- Fully equipped commercial kitchen- Well established local reputation
State: NSW
Suburb: Chippendale
Location: Situated in a high-density City fringe precinct surrounded by universities, offices, residential apartments, and creative hubs, known for its trendy food scene and strong foot traffic.
Premises: Well-presented restaurant of approx. 150 sqm including full kitchen, storage, and amenities.

Owner pursuing other business interests

Sale Reason

02/2019

Established

Street parking

Parking

2 owners, 1 casual for weekdays and 3 casusals for weekend

Employees

6 days - Monday to Saturday: 11:30 am to 3 pm & 5:30 pm to 10 pm.

Trading Hours

New 2 + 3 year lease commenced June 2026 - 4% increases per year - 3 months bond

Lease

Well-established modern Korean dining restaurant located in the vibrant precinct. The business offers a contemporary menu featuring popular Korean dishes including bibimbag combo, kimchi fried rice, budae jjigae, fried chicken, tteokbokkki steamed pork belly and noodle soup, supported by a strong beverage offering.-The venue presents a stylish and slightly hip dining atmosphere that suits the local demographic of students, young professionals, and creatives in the area. It includes 52 indoor seats creating a bright, relaxed and socially engaging environment.Fully equipped with a commercial kitchen, storage, and amenities, the business is ready for immediate operation. -Licenced.

Features

Prime City fringe location-Trendy, hip-style dining environment appealing to local demographic- Strong weekly sales and consistent customer base- Full liquor licence in place- Fully equipped commercial kitchen- Well established local reputation

Potential

Approx. 200 new university population expected nearby, driving additional foot traffic Strong evening trade supported by a late dining culture with alcohol-friendly environment up to midnight-Opportunity to expand delivery, takeaway, and catering channels- Potential to increase profitability through owner operation- Suitable for Korean, fusion, or modern casual dining concepts

Comments

Wage based on 1 owner operating- Stylish and well-positioned modern Korean restaurant in a highly desirable inner-city location. Strong weekly sales with clear growth potential. Vendor will provide full training and recipes. Inspection highly recommended.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$12000
Cost of Goods
$3600
Gross Profit
$8400
Rent
$2155
Wages
$2200
Telephone
$20
Insurance
$30
Electricity
$300
Misc 1
$35
Total Expenses
$5000
Estimated Stock
(Additional)
$5000
Net Profit
$3400
Price
$175,000
+ Estimated Stock (SAV) $5000
Price
$175,000
+ Estimated Stock (SAV) $5000
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