Takeaway – Korean Chicken

For Sale

·
Western Sydney

Business Code: W2002

$69,000
+ Estimated Stock (SAV) $5000
Key Features: Modern kiosk style set up. - Prime location in the food court. - Outstanding Google customer reviews - Strong local brand recognition - Loyal and repeat customers - No competition- - Excellent value for a highly profitable business - Priced attractively for a quick sale .- Fully under management.
State: NSW
Suburb: Penrith
Location: Situated in the middle of food court in major shopping centre in West Sydney.
Premises: This business has an area of 30 sq. mts. with a beautiful compact kiosk style set up.

Private Reason

Sale Reason

2 yrs

Established

Shopping centre car park

Parking

Fully under Management - 2 full timers - 9:00 a.m-5:00 p.m). - Thurs. - 2 full timers until 8:00 p.m

Employees

7 days - 9:00 am to 5:00 pm. Thursday until 8:00 pm

Trading Hours

Current lease expires August 2029 - Bond 3 months, - Rent increases by CPI + turnover base ( approx. 5% per year)

Lease

Takeaway selling a famous Korean Fried Chicken brand with a menu featuring a variety of signature fried chicken flavours including customer favourites such as deep frying to a crunchy perfection, and topping up with mouth watering sauce to satisfy including original, spring onion, Jalapeno, creamy, Dalcorn, spicy garlic soy, Gangjung and also burgers, Tteokbokki, fried rice and chicken combo box. – This business has built a strong reputation and enjoys excellent Google and Uber Eats ratings,(5.0) – Customers share the food court seating plus 12 shop seats.

Features

Modern kiosk style set up. - Prime location in the food court. - Outstanding Google customer reviews - Strong local brand recognition - Loyal and repeat customers - No competition- - Excellent value for a highly profitable business - Priced attractively for a quick sale .- Fully under management.

Potential

Would suit owner-operator or family-run business. - Strong opportunity to further increase sales through additional local marketing, social media promotion and expanded online presence. Further growth potential in the surrounding residential and apartment market through delivery platforms-

Comments

Sales are stable through the year ( Easter, Christmas, School holidays - higher) - Storage use optional. (current owner pays $600 p.m.) Shopping Centre expects buyer to keep the same chicken menu and trading name. Shop fitout cost was over $150,000, - Very cheap business price for quick sale. - Motivated vendor. A must inspection through your SBX broker.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$12000
Cost of Goods
$3600
Gross Profit
$8400
Rent
$2630
Wages
$3200
Insurance
$80
Electricity
$76
Total Expenses
$6127
Estimated Stock
(Additional)
$5000
Net Profit
$2273
Price
$69,000
+ Estimated Stock (SAV) $5000
Price
$69,000
+ Estimated Stock (SAV) $5000
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