Restaurant – Korean BBQ

For Sale

·
South Sydney

Business Code: W1975

$159,000
+ Estimated Stock (SAV) $8000
Key Features: No competition. Quite large area with 96 seats and marble BBQ tables. - Established and profitable - Strong cash flow with loyal customer base- Prime location. - Long history and well known - Liquor licence.
State: NSW
Suburb: Campsie
Location: Situated on retail street surrounded by commercial, shops and restaurants in South Sydney area.
Premises: This business has an area of approx. 300 sq. mts inside with 100 sq. mts. backyard.
Price not disclosed

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Private reasons

Sale Reason

7 yrs

Established

Next door to public car park with plenty of street parking.

Parking

3 owners + 2 part timers (during the week) + 4 part timers ( weekend )

Employees

6 days 11.30 am to 10.00 pm (break 2:00 to 3:00 pm) - Closed Thursday.

Trading Hours

5 + 5 yrs. lease from July 2025. - 3 months bond, - Rent increases by 3% per year.

Lease

Modern Korean charcoal BBQ restaurant serving rotating skewers – BBQ chicken skewers, lamb, pork, etc. Also serving steamed egg, cold corn noodle soup, fried rice with kimchi, soy bean paste soup, fish roe soup, spicy raw beef, many kinds of side dishes, marinated beef rib, abomasum, sirloin beef, prawn and special combination skewers, ( lamb, beef, pork) combined with liquor – Liquor license until 10:00 p.m. – 96 seats, all marble BBQ tables. ducted above the skewers table.

Features

No competition. Quite large area with 96 seats and marble BBQ tables. - Established and profitable - Strong cash flow with loyal customer base- Prime location. - Long history and well known - Liquor licence.

Potential

Open home delivery ( current owner has not tried) - Open 7 days - Ideal for a family-run business. - Liquor licence already in place - potential to grow alcohol sales.- High exposure location with heavy pedestrian traffic and strong local demand.

Comments

Every table installed gas connection and above the table installed BBQ duct system. Very motivated vendor (owner's mother 70 yrs is working as a cook chef and needs to retire. Price lowered for quick sale. Motivated vendor. Inspections through your broker.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$18000
Cost of Goods
$5400
Gross Profit
$12600
Rent
$3182
Wages
$4000
Telephone
$110
Insurance
$320
Electricity
$250
Total Expenses
$8344
Estimated Stock
(Additional)
$8000
Net Profit
$4256
Price
$159,000
+ Estimated Stock (SAV) $8000
Price
$159,000
+ Estimated Stock (SAV) $8000
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