Restaurant – Korean BBQ

For Sale

·
Upper North Shore

Business Code: W2008

$149,000
+ Estimated Stock (SAV) $8000
Key Features: Newly renovated.- No competition. - Best location - Google rating 5.0 - Well known Korean BBQ. - Excellent reputation with outstanding social media reviews and consistent repeat patronage.- Full liquor licence - Quality equipment. Cool room and storage.
State: NSW
Suburb: Hornsby
Location: Situated in restaurant, hotel and motel street in the Upper North Shore.
Premises: This business has an area of 160sqm

Private reasons

Sale Reason

4 yrs

Established

Opposit public car park

Parking

1 owner working as chef + 2 full timers + 2 parttimers

Employees

7 days - 11:30 am to 3:00 pm & 5:00 pm to 10:00 pm

Trading Hours

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

Lease

Restaurant specialising in grilled Korean BBQ and renowned for its authentic Korean flavors. – Diners praise the delicious fried chicken and bulgogi hot pot, often highlighting their crispiness and rich taste. The restaurant offers a variety of traditional dishes like bibimbap and seafood pancakes, catering to diverse palates while providing an inviting atmosphere. Fully equipped with a commercial kitchen, cool room, toilet, and ample storage, this restaurant is ready for smooth operation. – Each table has BBQ grill installed. – Many reviews commend the exceptional food quality with standout items such as the fried chicken that is crispy outside yet tender inside. The menu features classic dishes like bulgogi beef and various side plates that offer something for everyone.- Liquor license until 10:00 p.m.- 55 seats inside – (could put 4 seats outside)

Features

Newly renovated.- No competition. - Best location - Google rating 5.0 - Well known Korean BBQ. - Excellent reputation with outstanding social media reviews and consistent repeat patronage.- Full liquor licence - Quality equipment. Cool room and storage.

Potential

Owner couple could save on wages. activate home delivery surrounding apartments and shops - Advertise through internet and local paper. - Add more to menu such as gamjatang, bossam, slices of boiled beef. etc.

Comments

Absolutely no competition. Urgent sale due to owner's health problem - A must inspection. Staff not aware. Inspections only through your SBX brokers.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$12000
Cost of Goods
$3600
Gross Profit
$8400
Rent
$1782
Wages
$3259
Insurance
$50
Electricity
$212
Total Expenses
$5587
Estimated Stock
(Additional)
$8000
Net Profit
$2813
Price
$149,000
+ Estimated Stock (SAV) $8000
Price
$149,000
+ Estimated Stock (SAV) $8000
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