Restaurant -Takeaway- Korean Cuisine- Chicken

For Sale

·
Inner West

Business Code: FN1372

$149,000
+ Estimated Stock (SAV) $3000
Key Features: Prime position at the entrance of a busy shopping centre - Outstanding Google and Uber Eats ratings and customer reviews - Strong local brand recognition - Approx. 50% of sales generated through delivery platforms- Loyal and repeat customer base- No competition- - Excellent value for a highly profitable business- Priced attractively for a quick sale despite strong profitability
State: NSW
Suburb: Ashfield
Location: Prime location in busy Asian community dining area in Inner West Sydney shopping centre surrounded by popular restaurants and strong residential catchment.
Premises: Well-presented shop with an area of approx. 64 sq.mts, fully fitted with full kitchen facilities and storage

Other venture

Sale Reason

March, 2024

Established

Shopping centre parking

Parking

1 owner + 1 full timer + 1 casual

Employees

7 days - 11 am to 9 pm.

Trading Hours

7 years lease commenced September 2024 - 3 months bond - 4% increase

Lease

Well-established Korean restaurant specialising in Korean fried chicken and popular Korean dishes. The menu features a variety of signature fried chicken flavours including sweet & spicy, honey soy garlic, snow cheese and spring onion, together with customer favourites such as bibimbap, kimchi fried rice, tteokbokki, kimchi stew and seafood pancakes.- The business has built a strong reputation within the local community and enjoys excellent Google and Uber Eats ratings, generating a loyal customer base and strong delivery sales.Fully licensed restaurant with seating for approximately 18 customers, a full commercial kitchen and storage facilities.

Features

Prime position at the entrance of a busy shopping centre - Outstanding Google and Uber Eats ratings and customer reviews - Strong local brand recognition - Approx. 50% of sales generated through delivery platforms- Loyal and repeat customer base- No competition- - Excellent value for a highly profitable business- Priced attractively for a quick sale despite strong profitability

Potential

Significant upside for an owner-operator or family-run business. - Strong opportunity to further increase sales through additional local marketing, social media promotion and expanded online presence. Further growth potential in the surrounding residential and apartment market through delivery platforms-Trading hours can be extended until 10:00 pm to maximise revenue, and outdoor seating may be available providing additional customer capacity and exposure.

Comments

Genuine sales records available.- Fully renovated just 1 year ago. The premises are presented in excellent condition, with little to no additional fit-out or equipment investment required after purchase.- Rare opportunity to acquire a highly profitable Korean restaurant at a very reasonable asking price.

Inspection highly recommended.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$21000
Cost of Goods
$6000
Gross Profit
$15000
Rent
$2350
Wages
$4000
Telephone
$20
Insurance
$30
Electricity
$250
Misc 1
$308
Total Expenses
$7500
Estimated Stock
(Additional)
$3000
Net Profit
$7500
Price
$149,000
+ Estimated Stock (SAV) $3000
Price
$149,000
+ Estimated Stock (SAV) $3000
Contact Us

Featured Businesses For Sale

  • Supermarket – Retail – Asian Groceries

    North West Sydney

    NSW

    Net Profit: $4000

    Code: FN1354

    $240,000

  • Cards – Gifts – Retail – Online – Stock Included

    Upper North Shore

    NSW

    Code: SFD1088

    $55,000

Related Businesses For Sale

  • Cafe – Restaurant – Functions – Indian Fusion Dining

    Lower North Shore

    NSW

    Net Profit: $2950

    Code: F3508

    $198,000

  • Restaurant – Japanese Cuisine – Takeaway

    Sydney CBD

    NSW

    Net Profit: $8000

    Code: FN1375

    $350,000

  • Cafe – Restaurant – Under Management

    Upper North Shore

    NSW

    Net Profit: $2905

    Code: CB1543

    $125,000

  • Cafe – Restaurant

    West Sydney

    NSW

    Net Profit: $4907

    Code: AD1002

    $450,000

  • Restaurant – Korean Noodle House – Takeaway

    Upper North Shore

    NSW

    Net Profit: $4059

    Code: W2006

    $120,000

  • Restaurant – Japanese BBQ Dining

    City Fringe

    NSW

    Net Profit: $4697

    Code: W2012

    $390,000