Restaurant – Bar – Korean Cuisine

For Sale

·
Inner West

Business Code: W1932

$270,000
+ Estimated Stock (SAV) $8000
Key Features: Prime location close to train station. -Modern fit out and top class furniture. - Good size shop for any kind of restaurant. - Liquor License.until 11:30 p.m.
State: NSW
Suburb: Rhodes
Location: Well located near the train station on restaurant & cafe street in huge apartment complex with over 18,000 units in Inner West Sydney
Premises: Brilliant location with full kitchen facilities and with high quality furniture area of 133 sq, mts.+ 20 sq. mts. outdoor seat area.
Price not disclosed

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Very busy operating 5 businesses

Sale Reason

3 yrs

Established

1 car space with plenty of street parking.

Parking

Fully under management - 3 full timers + 4 part timers.

Employees

6 days - Monday to Saturday: 6:00 pm to 11:30 pm.

Trading Hours

5 year lease from October 2021 + 5 yrs. option - 4 months bond - Rent increases by 4%

Lease

Restaurant & bar with code / tablet order system installed on each table and offering a diverse Korean dining experience, highlighted by its popular boneless fried chicken dishes, including spicy, soy and garlic flavours. The menu also features an array of traditional Korean dishes such as chicken mayo, pork mara ramen, and assorted pork cutlet dishes complement the spicy and savoury flavours. Beverages include beer, wine, liquor. With a customer rating of 4.3, this restaurant is a favourite, especially in the evenings. Premises also equipped with security camera and air-con – 50 seats inside – 21 seats outside. – Separate bar with Liquor License till 11.30 p.m, Liquor sales 40% of sales.

Features

Prime location close to train station. -Modern fit out and top class furniture. - Good size shop for any kind of restaurant. - Liquor License.until 11:30 p.m.

Potential

New owner couple working at shop could save on wages.- More online promotion of the business through social media. - Could extend opening hours,

Comments

Brand new shop fit out cost $500,000 3 yrs ago.- Perfect location for any kind of restaurant ( Chinese, Korean, Japanese or Thai ) - Motivated vendor. A must inspection. Please do not approach staff.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$20000
Cost of Goods
$5000
Gross Profit
$15000
Rent
$3147
Wages
$2500
Insurance
$25
Electricity
$230
Total Expenses
$6072
Estimated Stock
(Additional)
$8000
Net Profit
$8928
Price
$270,000
+ Estimated Stock (SAV) $8000
Price
$270,000
+ Estimated Stock (SAV) $8000
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