Restaurant – Korean BBQ Cuisine

For Sale

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Inner West

Business Code: W1891

$349,000.00
+ Estimated Stock (SAV) $10000
Key Features: Prime location. Spacious, well known Korean restaurant. Easy to manage. High margins, Sales increasing weekly. Regular repeat customers
State: NSW
Suburb: Belmore
Location: Situated in busy area of the Inner West surrounded by shops, restaurants and commercial buildings. Inner West
Premises: This business has an area of 380 sq. mts. including storage and toilet.
Price not disclosed

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Private reasons

Sale Reason

3 yrs

Established

Plenty of road parking

Parking

1 owner (Management only) + 3 full timers + 1 part timer

Employees

7 days - 11:00 am to 10:00 pm.

Trading Hours

5 + 5 years lease commenced April 2020 - CPI increases - Bond 3 months.

Lease

Restaurant serving Korean style cuisine – Installed table top charcoal BBQ grill on each table, serving high quality meat and sides dishes. Customers can select in season raw or marinated beef ribs, pork ribs, chicken, scallops, and vegetables for BBQ. Tasty variety of Korean fried chicken and a variety of Korean style dishes, fish cakes, stir fry seafood, mussel soup and various Korean bar snacks – The venue seats up to 100 people inside. Full liquor license. – full kitchen, cool room.

Features

Prime location. Spacious, well known Korean restaurant. Easy to manage. High margins, Sales increasing weekly. Regular repeat customers

Potential

Couple could save on wages and increase net profit. Suit family business. Ideal for motivated owner operator. Promote and deliver to surrounding apartments and residential area.

Comments

Great potential business for a motivated couple or family business. Motivated vendor. Staff are not aware of sale. Inspections only through your SBX broker.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$25000
Cost of Goods
$7500
Gross Profit
$17500
Rent
$2067
Wages
$6800
Electricity
$308
Total Expenses
$9283
Estimated Stock
(Additional)
$10000
Net Profit
$8217
Price
$349,000.00
+ Estimated Stock (SAV) $10000
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