Business Code:
Private reasons, shortage of staff. Owner lives too far from his business.
Sale Reason
5 yrs
Established
Town Centre car park with 3,000 + car spaces.
Parking
2 owners + 5 part timers.
Employees
Open 4 days, Dinner only. Thursday, Friday, Saturday, Sunday: 4:30 pm to 9:00 pm.
Trading Hours
Current 5 year lease commenced July 2023 + 5 + 5 year options - Rent increases by 3% per year, - Bond $10,000.
Lease
Restaurant serving Korean style cuisine – Installed table top gas cook BBQ grill each table, serving high quality meat and sides dishes. Customers can select in season raw or marinated beef rib, pork rib, chicken, scallops, lamb chop and vegetables for BBQ. Tasty variety of Korean fried chicken. Variety of Korean meals. Steady sales on home delivery – Uber, Menu log. Liquor license till 11 p.m. Very stable business. Well known to locals. Fully equipped kitchen with cool room – 58 seats.
Features
Excellent shop fit out with BBQ grill on each table. Only Korean BBQ Restaurant in this area. Easy to manage. High margins, Sales getting higher and higher and becoming popular Korean BBQ restaurant in the area. Good google rate. Regular repeat customers
Potential
No competition, Huge demand for Korean BBQ, Current owner only opens 4 days and could open 7 days till late as there is high demand for opening more days and lunch and closing later. Low rent and outgoings makes high net profit. Ideal for experienced cook chef. Regular patrons keep coming back with new customers. Suits family business.
Comments
Not a franchise, No royalties. Outgoings 50% of council rates. Successful operation for 7 years. Full training provided by vendor with full recipes for fried chicken and Korean meals. All equipment belongs to business, nothing leased. Owner wants to sell after 20 years in the restaurant business. Motivated vendor. A must inspection, Please do not contact staff or owner.
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