Restaurant – Korean Cuisine – Takeaway

For Sale

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Sydney CBD

Business Code: W1887

$189,000
+ Estimated Stock (SAV) $7000
Key Features: Best location in Central Business District. close to Sydney University City campus and close to World Square.- Many regular customers, - Well known, Famous Fusion Restaurant for 17 years.
State: NSW
Suburb: Sydney
Location: Situated in the heart of Sydney CBD business district.
Premises: This well known Korean fusion restaurant has an area of 100 sq. mts.
Price not disclosed

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After 17years business owner wants to retire

Sale Reason

17 yrs

Established

Nearby pay car parks

Parking

Fully under Management - 3 full timers + 3 part timers

Employees

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

Trading Hours

Current lease expires January 2032 - 3 months bond - rent increase by 4% per year.

Lease

Korean fusion restaurant featuring an extensive range of Korean and Chinese entrees, soups, noodles and rice dishes such as sweet & sour pork, seafood Jampong, prawn and egg fried rice, garlic chilli chicken, creamy prawns, hot chilli chicken, stir fried garlic bokchoy, noodle bowls, etc.- Its greatest hits include generous sizes and reasonable prices. 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, rice wine and Asian and Australian beers.- 72 seats – liquor license – cool room

Features

Best location in Central Business District. close to Sydney University City campus and close to World Square.- Many regular customers, - Well known, Famous Fusion Restaurant for 17 years.

Potential

Extension of working hours could increase sales - Possibly change to Chinese, Thai or Vietnamese cuisine menu. - There are a lot of International students and Asian families living nearby.

Comments

All equipment belongs to business. Successful, good reputation fusion restaurant. Low price for quick sale. Motivated vendor. A must inspection.- Another branch of the same restaurant in Haymarket is also for sale, Check the SBX website Code number W1886. Staff are not aware, inspections only through your broker.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$30000
Cost of Goods
$7500
Gross Profit
$22500
Rent
$3978
Wages
$10000
Electricity
$250
Misc 1
$472
Total Expenses
$15000
Estimated Stock
(Additional)
$7000
Net Profit
$7500
Price
$189,000
+ Estimated Stock (SAV) $7000
Price
$189,000
+ Estimated Stock (SAV) $7000
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