Restaurant – Korean & Japanese Cuisine

For Sale

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Inner West

Business Code: W1955

$559,000
+ Estimated Stock (SAV) $8000
Key Features: Same owner for 24 years with good reputation. Top location. Excellent food with good prices. A good size restaurant. Long term stable business with an extensive menu of Japanese and Korean food.
State: NSW
Suburb: Strathfield
Location: Situated in shopping centre food court in the Inner West.
Premises: This long term Korean Restaurant has an area of 100 sq. mts.
Price not disclosed

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Private reasons

Sale Reason

24

Established

Shopping centre car park

Parking

1 owner part time + 2 full timers + 5 part timers

Employees

7 days - Monday - Sunday - 10:30 a.m. - 8:00 p.m.

Trading Hours

Current lease expires April, 2027 + 2 yrs option - Bond $60,000, - No rent increases

Lease

Famous restaurant offering a blend of authentic Korean and Japanese cuisines. The menu features a diverse selection, including sushi, bento boxes, udon, yakisoba, stone pot rice, and bibimbaps, catering to a variety of tastes. Patrons often praise the stone pot rice dishes, which combine both culinary styles into a mouthwatering experience. The restaurant’s welcoming and relaxed atmosphere makes it an ideal spot for casual gatherings or family meals. With generous portion sizes and affordable prices the restaurant provides a satisfying dining experience for all.- 46 seats inside.

Features

Same owner for 24 years with good reputation. Top location. Excellent food with good prices. A good size restaurant. Long term stable business with an extensive menu of Japanese and Korean food.

Potential

Perfect opportunity for a motivated owner-operator or an experienced couple to step in and reduce wage costs, and increase profitability. Huge potential to expand catering services and boost local marketing.

Comments

Rent includes outgoings - Misc.-1.- POS machine rental $8.50 p.w. - Current uber sales approx. $3000 p.w.- After 24 years operating the same business, vendor wants to retire. - A must inspection. Staff not aware - Inspections only through your SBX broker.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$36941
Cost of Goods
$11081
Gross Profit
$25860
Rent
$3780
Wages
$11000
Telephone
$40
Insurance
$105
Electricity
$493
Misc 1
$9
Total Expenses
$15825
Estimated Stock
(Additional)
$8000
Net Profit
$10035
Price
$559,000
+ Estimated Stock (SAV) $8000
Price
$559,000
+ Estimated Stock (SAV) $8000
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