Restaurant – Asian Cuisine

For Sale

·
Inner West

Business Code: W1805

$139,000
+ Estimated Stock (SAV) $8000
Key Features: Prime corner location - Spacious and modern shop fit out - Ready for any kind of BBQ restaurant.
State: NSW
Suburb: Strathfield
Location: Modern restaurant situated on prime corner in Inner West Sydney.
Premises: Asian restaurant with a modern fit out and an area of 260 sq. mts. situated on first floor of building.

Private reasons

Sale Reason

12 yrs

Established

Shopping centre carpark + street parking

Parking

Under management - 5 full timers + 6 part timers

Employees

6 days - Mon. - Thurs. - 5.30 p.m. - 9.30 p.m. (dinner only) Fri. -Sun.-12.00- 9.30 p.m. - Closed Tues.

Trading Hours

5 + 5 year lease from Sept. 2019 - 3 months bond - Rent increases 5% per year.

Lease

Restaurant serving a huge variety of authentic Korean dishes – Lunch combo, Park cutlet, braised pork belly, jokbal, bossam combo, noodles, katsu, hot pots, bulgogi, 9 different fried chicken menus, exhaust system on ceiling and each stone table has LNG gas BBQ system installed. Strong power air conditioning installed. – 110 seats – Liquor license obtained until 1:00 a.m

Features

Prime corner location - Spacious and modern shop fit out - Ready for any kind of BBQ restaurant.

Potential

Existing cooking system can be utilised - convert to Chinese hot pot, Korean BBQ, Japanese cuisine or Thai. - Owner couple could save on wages, Promote through internet media.

Comments

If the new owner wants to convert to the duct system for a BBQ Restaurant it would cost approx. $80,000 to connect. Owner has invested over $400,000. - Full training will be provided by vendor with recipes. -Owner plans to open another restaurant. - Not a franchise, - Motivated vendor - For inspection please contact your broker - please do not contact staff or owner.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$30000
Cost of Goods
$10000
Gross Profit
$20000
Rent
$4301
Wages
$10000
Insurance
$95
Electricity
$500
Total Expenses
$15196
Estimated Stock
(Additional)
$8000
Net Profit
$4804
Price
$139,000
+ Estimated Stock (SAV) $8000
Price
$139,000
+ Estimated Stock (SAV) $8000
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