Restaurant – Korean & Japanese Cuisine

For Sale

·
Inner West

Business Code: W1955

$325,000
+ 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.

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
$34000
Cost of Goods
$10200
Gross Profit
$23800
Rent
$3931
Wages
$8000
Telephone
$40
Insurance
$105
Electricity
$460
Misc 1
$9
Total Expenses
$12845
Estimated Stock
(Additional)
$8000
Net Profit
$10955
Price
$325,000
+ Estimated Stock (SAV) $8000
Price
$325,000
+ Estimated Stock (SAV) $8000
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