Restaurant – Korean Cuisine

For Sale

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North West

Business Code: W1770

$395,000.00
Key Features: Excellent fit out - Brilliant modern interior. - Great location, - No competition - Good reputation and review. - Unique opportunity - Profitable - Nothing to spend. - Good working conditions and environment. -Under management
State: NSW
Suburb: Castle Hill
Location: Prime location in foodcourt of major North West shopping centre surrounded by large apartment buildings
Premises: This business has an area of 90 sq. mts.
Price not disclosed

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Private reasons

Sale Reason

4 yrs

Established

Shopping centre car park

Parking

3 full timers + 5 part timers - Fully under management

Employees

5 days - 11:00 a.m. - 3:00 p.m - 5:00 p.m. - 8:40 p.m.- closed Mon. and Tues.

Trading Hours

7 years lease from November, 2020. -Rent increases 5% per year. 4 months bond. (No guarantor needed)

Lease

Restaurant serving Korean cuisine including whole garlic soy chicken, Korean Royal Court stir fried rice cake, whole fried chicken. shallot pancake, beef bibimbab, kimchi stew with pork, spicy squid, pork bulgogi, ginseng chicken soup, spicy sausage hot pot, fish roe hot pot etc. The venue seats 30 inside and food court seats. Full liquor license until 3:00 am. Top class equipment with a full kitchen.

Features

Excellent fit out - Brilliant modern interior. - Great location, - No competition - Good reputation and review. - Unique opportunity - Profitable - Nothing to spend. - Good working conditions and environment. -Under management

Potential

Could trade up to 7 days, current owner closes on Mon. and Tues. An enthusiastic owner operator or couple could increase sales and profit. Do more promotion. Huge apartments are near this business.

Comments

Misc. 1 = Storage / week. Very good reviews on Google (4.5). Rare opportunity. Owner willing to give training and recipes. Staff are not aware of sale so please be discreet. Inspection by appointment only, please contact your agent.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$28000
Cost of Goods
$8400
Gross Profit
$19600
Rent
$2237
Wages
$8600
Telephone
$15
Insurance
$35
Electricity
$300
Misc 1
$85
Total Expenses
$11976
Net Profit
$7624
Price
$395,000.00
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