Restaurant – Korean Cuisine – Takeaway

For Sale

·
Lower North Shore

Business Code: W1869

$169,000.00
+ Estimated Stock (SAV) $5000
Key Features: Prime location. Spacious shop fit out. Regular customers. Very popular and well known. Great social media reviews. Top BBQ restaurant. Traditional design with delicious food and personal grill installed at every table. Fully licensed.
State: NSW
Suburb: Chatswood
Location: Situated next to major shopping centre on busy shopping strip in the Lower North Shore. Suburb
Premises: Well presented shop with an area of 200 sq. mts. with full kitchen, cool room, storage, and excellent kitchen equipment.
Price not disclosed

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Private reasons

Sale Reason

7 yrs

Established

Major shopping centre car park nearby.

Parking

1 owner (chef) + 3 full timers + 7 part timers.

Employees

6 days, Sunday: 12 pm to 10 pm. Monday: 5 pm to 10:30 pm. Tuesday: Closed. Wednesday, Thursday & Friday: 5 pm to 10:30 pm Saturday: 12 pm to 10:30 pm.

Trading Hours

Current lease until June 2025. Rent increases 3% yearly. Bond 3 months.

Lease

Restaurant offering a fine dining experience with a cozy ambiance.- serving Korean cuisine including – BBQ marinated pork, beef, mixed combo set, chicken, duck, seafood. stir fried noodles, fried chicken, specials, Bibimbap, hot pots and tasty Korean cuisine. drinks, beer, soju, Korean wine. Fully Licensed.- 64 seats inside. – 8 outside. Big commercial full kitchen with cool room, and freezer. – Liquor license until 12:00 midnight.

Features

Prime location. Spacious shop fit out. Regular customers. Very popular and well known. Great social media reviews. Top BBQ restaurant. Traditional design with delicious food and personal grill installed at every table. Fully licensed.

Potential

Couple could save on wages and increase net profit. Open lunch. Suit family business. Ideal for motivated owner operator. Promote and deliver to surrounding apartments and residential area. Out door seats(STA)

Comments

Summer season sales were $25,000 p.w. Food prices are reasonable for the quality of food and service provided, making it an ideal spot for casual dining or special occasions .The interior design is modern and sleek, with wooden accents and dim lighting that create a warm and inviting atmosphere. No water usage fee. No electricity fees. Very little outgoings. Motivated vendor. Really beautiful shop, Staff are not aware so please be discreet. Inspections only through your SBX broker.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$20000
Cost of Goods
$6500
Gross Profit
$13500
Rent
$2784
Wages
$4500
Misc 1
$47
Total Expenses
$7491
Estimated Stock
(Additional)
$5000
Net Profit
$6009
Price
$169,000.00
+ Estimated Stock (SAV) $5000

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