Restaurant – Korean Cuisine – Takeaway

For Sale

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Inner West

Business Code: W1927

$110,000
+ Estimated Stock (SAV) $4500
Key Features: A good size, good location restaurant . Very cheap rent. Full kitchen for any kind of food. Good location for pizza as well. Wide frontage with glass wall, and spacious.
State: NSW
Suburb: Newington
Location: Situated on restaurant and cafe eatery street in the Inner West
Premises: This business has an area of 150 sq. mts. with wide frontage and glass wall.
Price not disclosed

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Private reasons

Sale Reason

4 yrs

Established

2 car spaces

Parking

2 owners work full time + 1 part timer.

Employees

6 days - Monday to Saturday: 11:00 am to 3:00 pm & 5:00 pm to 8:30 pm.

Trading Hours

5 + 5 year lease from March 2019 - 3 months bond, Rent increases by 4% per year.

Lease

Restaurant serving Korean cuisine with a variety of entrees including deep fried dumplings, steamed dumplings, seafood pancakes, spicy kimchi pancakes with main menu of 4 bibim babs, kimchi pork fried rice, fish roe hot stone rice, marinated eel with rice, sizzling beef bulgogi, hot and spicy pork bulgogi, soy chicken bulgogi, chefs special stir fried kimchi, pork with tofu, steamed pork belly, spicy stir fried squid & pork belly, etc.- Liquor license obtained. -38 seats inside- 4 seats outside. Top class equipment with a full kitchen and cool room.

Features

A good size, good location restaurant . Very cheap rent. Full kitchen for any kind of food. Good location for pizza as well. Wide frontage with glass wall, and spacious.

Potential

Asian food experienced couple could earn more money. Extension of working hours could increase sales. There are a lot of Chinese people and families living and visiting this area so could add more Chinese influenced food and drinks.

Comments

POS machine rental fee 1% of sales. Suit any kind of food business. . Motivated vendor. A must inspection, Inspections through your broker.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$12500
Cost of Goods
$4000
Gross Profit
$8500
Rent
$1446
Wages
$630
Telephone
$30
Insurance
$45
Electricity
$320
Total Expenses
$2606
Estimated Stock
(Additional)
$4500
Net Profit
$5894
Price
$110,000
+ Estimated Stock (SAV) $4500
Price
$110,000
+ Estimated Stock (SAV) $4500
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