Restaurant – Korean Cuisine

For Sale

·
Inner West

Business Code: FN1365

$120,000
+ Estimated Stock (SAV) $3000
Key Features: Famous Korean hot pot franchise brand- Stable sales and profitable operation- Well-known Korean restaurant in busy location- Fully equipped commercial kitchen -Strong Asian community and high foot traffic location
State: NSW
Suburb: Strathfield
Location: Situated on busy main road in Asian shopping street in Inner West.
Premises: This restaurant has an area of approx. 100 sq.mts. with a fully equipped commercial kitchen.

Owner is busy operating and opening other chain businesses.

Sale Reason

02/2025

Established

3

Parking

Under semi management- 2 full timers + 1 casual

Employees

6 days, Tuesday to Friday: 5 pm to 10 pm. Saturday & Sunday: 11am to 3 pm & 5 pm to 10 pm. Closed Monday.

Trading Hours

5 + 5 years lease commenced from February 2025 with 3% annual rent increases and 5 months bond.

Lease

Well-established Korean cuisine restaurant known for its popular Korean comfort food and hot pot menu, attracting loyal local customers and repeat trade. Signature dishes include gamjatang, kimchi hot pot, soft tofu stew, bulgogi dishes, Korean fried chicken, and a variety of traditional Korean meals and alcoholic beverages.The restaurant is part of a famous Korean hot pot franchise brand from South Korea with over 220 stores nationwide, recognised for its rich flavoured broth, quality ingredients, and strong customer reputation.The business features 42 indoor seats and a fully equipped commercial kitchen.

Features

Famous Korean hot pot franchise brand- Stable sales and profitable operation- Well-known Korean restaurant in busy location- Fully equipped commercial kitchen -Strong Asian community and high foot traffic location

Potential

Ideal family business with strong potential to increase sales through more active owner operation and online marketing. The spacious kitchen and layout would also suit various cuisines including Chinese, Thai, or other Asian concepts. There is also potential to further increase turnover by opening weekday lunch trading and extending operations to 7 days per week.

Comments

A great opportunity to acquire a well-established Korean restaurant in one of Sydney's most popular Asian dining areas. Reduced price for quick sale - Invested over $170,000 in fit-out and equipment

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$11000
Cost of Goods
$3000
Gross Profit
$8000
Rent
$2500
Wages
$2000
Telephone
$20
Insurance
$30
Electricity
$370
Misc 1
$330
Total Expenses
$5350
Estimated Stock
(Additional)
$3000
Net Profit
$2650
Price
$120,000
+ Estimated Stock (SAV) $3000
Price
$120,000
+ Estimated Stock (SAV) $3000
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