Restaurant – Korean Cuisine

For Sale

·
Sydney CBD

Business Code: FN1362

$400,000
+ Estimated Stock (SAV) $10000
Key Features: Prime CBD location - Well established Korean restaurant with loyal customer base-Spacious two-level dining layout suitable for group bookings and functions - Modern and welcoming interior atmosphere with warm lighting.
State: NSW
Suburb: Haymarket
Location: Prime location in the heart of Haymarket with strong pedestrian traffic near Central Station and Chinatown
Premises: Spacious two-level restaurant with an area of 270 sq. mts. including modern dining areas, food lift system between floors, fully equipped commercial kitchen, storage facilities, and efficient operational layout.

Owner has recently opened another restaurant business and is focusing on managing multiple operations.

Sale Reason

11/2024

Established

Currently operated under semi-management structure with experienced staff in place.- Lunch shift: 2 full-timers and 2 casual staff - Dinner shift: 3 full-timers and 3 casual staff.

Employees

7 days - Mon. - Sun. - 11:30 a.m. - 12:00 p.m

Trading Hours

5 + 5 years lease commenced Nov. 2023 - 4 months bond - 4% increases per year

Lease

Well-established Korean casual dining restaurant offering authentic Korean cuisine in a vibrant and welcoming atmosphere. The menu includes a wide range of popular Korean dishes such as Korean fried chicken, spicy pork dishes, hotpot, Korean pancakes, stir-fried seafood, pork belly, fish cake soup, Korean-style rice dishes, and a variety of Korean pocha-style bar snacks and drinks. -Positioned on busy CBD street within one of Sydney’s most popular Asian dining precincts, the business benefits from strong pedestrian traffic and a loyal customer base including students, city workers, tourists, and Korean food lovers. Fully equipped commercial kitchen, 108 seats inside, storage facilities, full liquor licence until 2 a.m., and an established takeaway and delivery platform presence support smooth day-to-day operation and strong late-night dining potential.

Features

Prime CBD location - Well established Korean restaurant with loyal customer base-Spacious two-level dining layout suitable for group bookings and functions - Modern and welcoming interior atmosphere with warm lighting.

Potential

Ideal opportunity for family-run business with manageable operation structure - Well suited for experienced hospitality operators or buyers looking to enter Sydney’s growing Korean dining market. - Potential to introduce new menu items, Korean drinking culture concepts, or seasonal promotions to further grow sales

Comments

Further price negotiation may be possible if the buyer does not require the business name and recipes.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$46000
Cost of Goods
$14000
Gross Profit
$32000
Rent
$5900
Wages
$12000
Telephone
$20
Insurance
$30
Electricity
$460
Misc 1
$90
Total Expenses
$19500
Estimated Stock
(Additional)
$10000
Net Profit
$12500
Price
$400,000
+ Estimated Stock (SAV) $10000
Price
$400,000
+ Estimated Stock (SAV) $10000
Contact Us

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