Restaurant – Korean Cuisine

For Sale

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Inner West

Business Code: W1877

$229,000
+ Estimated Stock (SAV) $8000
Key Features: Spacious and neat established Korean Restaurant - A good size restaurant with spacious full commercial kitchen with cool room and freezer room
State: NSW
Suburb: Campsie
Location: Situated close to train station with high pedestrian traffic from the station and surrounded by retail and restaurants in the Inner West.
Premises: This business has an area of 140 sq.mts.
Price not disclosed

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Private reasons

Sale Reason

10 yrs

Established

3 car spaces at rear side of shop

Parking

Under full management - 2 full timers + 3 part timers

Employees

6 days - Monday to Saturday: 11:00 am to 9:00 pm.

Trading Hours

New 5 + 5 or 3 + 3 year lease available as shop owner is landlord - Rent increases 4% per year - 3 months bond.

Lease

Restaurant serving a wide menu with Korean fried chicken, stews, pancakes and favourites such as LA short ribs, sweet and spicy chicken, marinated beef, cold noodle broth, cold buck wheat, chicken gizzard, noodles, fried snow chicken, sweet chilly chicken, Honey garlic chicken, crispy chicken etc. – 44 seats inside – cool room – Liquor license until 11:00 p.m.

Features

Spacious and neat established Korean Restaurant - A good size restaurant with spacious full commercial kitchen with cool room and freezer room

Potential

Experienced couple could save on wages. Suit family business. Thousands of new residents will move to this area opposite the shop into new high rise -no Korean Fried Chicken nearby. Can put more tables and chairs into the shop.

Comments

Misc.-1- POS machine leased $30/week. Owner has computer engineer job offer and wishes to sell as soon as possible. Owner will provide how to make chicken powder and chicken sauces with plenty of training. Quick sale needed. Motivated vendor - a must inspection. Staff are not aware. Inspections only through your SBX broker.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$23500
Cost of Goods
$7050
Gross Profit
$16450
Rent
$1500
Wages
$6000
Telephone
$22
Electricity
$139
Misc 1
$30
Total Expenses
$8235
Estimated Stock
(Additional)
$8000
Net Profit
$8215
Price
$229,000
+ Estimated Stock (SAV) $8000
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