Restaurant -Korean Cuisine

For Sale

·
Inner West

Business Code: W2004

$380,000
+ Estimated Stock (SAV) $8000
Key Features: Prime location. - Top spot for casual catch-ups over delicious bites. - Embrace modern dining with charcuterie a culinary adventure.
State: NSW
Suburb: North Strathfield
Location: Situated in street full of cafes and restaurants in Inner West.
Premises: This business has an area of 180 sq.mts. ( including out door area approx. 60 sq.mts)

Private reasons

Sale Reason

8 yrs

Established

Very close free public car park and road parking

Parking

1 owner ( working full time management, serving) + 2 full timers + 3 part timers.

Employees

6 days - Closed Monday. Tuesday to Sunday: 11:00 am to 3:00 pm & 4:00 pm to 12:00 midnight

Trading Hours

Current lease expires April 2027 - 3 months bond - Rent increases by 4% per year - New 5 yr. lease available.

Lease

An atmospheric restaurant serving distinctive Korean & Japanese fusion delicious dishes. – such as spicy fish cake pot, sweet and spicy chicken hot pot, pork schnitzel meals, etc. – Contains comfortable indoor seating of 78 and a spacious 180 sq. mt. venue stylishly presented with an inviting atmosphere and quality fit out. The venue is well positioned to capitalise on strong food traffic from surrounding commercial activity and visitors to the area. Sells soju liquor until 11 p.m.Offering a fully equipped commercial kitchen, established systems and broad customer appeal, this business presents an attractive opportunity for an owner – operator or hospitality group seeking a quality hospitality operation with scale, flexiblility and further growth potentials.

Features

Prime location. - Top spot for casual catch-ups over delicious bites. - Embrace modern dining with charcuterie a culinary adventure.

Potential

If operated by the owner, couple or as a partnership, net profit can be higher. Advertising and menu development. via internet media, plus other additions to advertising can help increase sales. Its a great location and size for a popular restaurant - suitable as a Chinese restaurant or a Korean BBQ

Comments

Rent includes outgoings. - Previously was a licensed cafe.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$24500
Cost of Goods
$6125
Gross Profit
$18375
Rent
$3462
Wages
$6250
Insurance
$70
Electricity
$500
Total Expenses
$10457
Estimated Stock
(Additional)
$8000
Net Profit
$7918
Price
$380,000
+ Estimated Stock (SAV) $8000
Price
$380,000
+ Estimated Stock (SAV) $8000
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