Restaurant – Korean Fusion Cuisine

For Sale

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Sydney CBD

Business Code: W1886

$319,000
+ Estimated Stock (SAV) $5000
Key Features: Location, Location. - A good size full kitchen. Can be converted to any kind of business such as restaurant, takeaway or cafe .
State: NSW
Suburb: Haymarket
Location: Busy tourist restaurant / cafe area in Sydney CBD
Premises: This business has an area of 100 sq. mts.
Price not disclosed

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Private reasons

Sale Reason

4 yrs

Established

$300 per month can get a car space.

Parking

1 owner ( Manager) + 2 full timers + 2 parttimers

Employees

7 days - Monday to Sunday: 11:00 a.m to 9:00 p.m.

Trading Hours

5 yrs + 5 yrs from February 2020 - 3 months bond - Rent increases by C.P.I

Lease

Korean Fusion restaurant featuring an extensive range of entrees, soups, noodles and rice dishes such as sweet & sour pork, seafood, prawn and egg fried rice, garlic chilli chicken, creamy prawns, hot chilli chicken, stir fried garlic bokchoy etc. Its greatest hits include generous size meals and reasonably priced, Menu features 40-plus dishes. There are also set menus, starting from $29 per person as well as a selection of wine, Chinese and Korean liquor, Soju, rice wine and Asian and Australian beers.- 60 seats – liquor license – cool room

Features

Location, Location. - A good size full kitchen. Can be converted to any kind of business such as restaurant, takeaway or cafe .

Potential

Extension of working hours could increase a lot of sales. Change to Chinese, Thai or Vietnamese cuisine could increase sales. There are a lot of Chinese people and families living and visiting in this area and could add more Chinese-influenced food and drinks.

Comments

Always busy with tourists and shoppers, Any kind of food business will succeed especially Chinese Restaurant or takeaway. There is another branch of the same business also for sale in the CBD - See W1887 - Motivated vendor, Must have inspections through your agent as staff are not aware.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$28000
Cost of Goods
$8000
Gross Profit
$20000
Rent
$1538
Wages
$5000
Electricity
$300
Misc 1
$30
Total Expenses
$8395
Estimated Stock
(Additional)
$5000
Net Profit
$11605
Price
$319,000
+ Estimated Stock (SAV) $5000
Price
$319,000
+ Estimated Stock (SAV) $5000
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