Restaurant – Korean Cuisine

For Sale

·
Inner West

Business Code: FN1369

$550,000
+ Estimated Stock (SAV) $10000
Key Features: Well-established Korean BBQ restaurant -Strong weekly sales and excellent profitability.-Licensed premises.-Prime location in a popular Korean dining precinct.-Loyal repeat customer base.-Fully equipped restaurant operation.-High-profile street exposure.-Easy-to-operate business with experienced staff.
State: NSW
Suburb: Lidcombe
Location: Situated in a busy Inner West precinct surrounded by residential apartments, retail shops, and dining venues. Excellent visibility, easy access, and ample nearby parking.
Premises: Well-presented restaurant of approx. 95 sq. .mts, The premises feature a fully equipped commercial kitchen, BBQ dining setup, cool room, storage facilities, preparation area, and quality fit-out throughout, providing an efficient and easy-to-manage operation.dining facilities designed for charcoal BBQ operations.

Owner pursuing other business opportunities and new ventures.

Sale Reason

06/2023

Established

2 spaces

Parking

2 owners + 3 full-timers + 4 casual staff.

Employees

6 days - Monday, Wednesday to Sunday: 3 pm to 10 pm. Closed Tuesday

Trading Hours

5 + 5 year lease commenced June 2023 - 3 months bond, Increases 4% per annum

Lease

Well-known Korean BBQ restaurant specialising in premium pork and duck dishes, complemented by a wide range of traditional Korean favourites including marinated meats, Korean fried chicken, hot pots, seafood dishes, and authentic side dishes. The venue offers 56 indoor seats, creating a comfortable and vibrant dining atmosphere suitable for family gatherings, group functions, and corporate events. Fully equipped with BBQ tables, a commercial kitchen, cool room, and ample storage area, the business is designed for efficient and profitable operations. Licensed premises with a strong local reputation and loyal customer base.

Features

Well-established Korean BBQ restaurant -Strong weekly sales and excellent profitability.-Licensed premises.-Prime location in a popular Korean dining precinct.-Loyal repeat customer base.-Fully equipped restaurant operation.-High-profile street exposure.-Easy-to-operate business with experienced staff.

Potential

Ideal for an owner-operator or family business.-Opportunity to increase sales through catering, functions, and online delivery platforms.-Potential to grow liquor sales through promotions and group bookings.-Benefit from growing residential population and strong Korean community.-Potential to extend trading hours or introduce lunch service.

Comments

A highly regarded Korean BBQ restaurant with strong weekly turnover, excellent profitability, and an established customer base. A rare opportunity to acquire a successful and well-known hospitality business in the heart of Lidcombe's Korean precinct.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$30000
Cost of Goods
$7500
Gross Profit
$22500
Rent
$1800
Wages
$3500
Telephone
$20
Insurance
$30
Electricity
$460
Misc 1
$190
Total Expenses
$6500
Estimated Stock
(Additional)
$10000
Net Profit
$16000
Price
$550,000
+ Estimated Stock (SAV) $10000
Price
$550,000
+ Estimated Stock (SAV) $10000
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