Takeaway – Korean Cuisine

For Sale

·
Inner West

Business Code: W2022

$59,000
Key Features: Prime location in busy shopping centre food court - Well known Korean street food franchise brand with 11 stores - Simple menu and easy operation - Fully fitted commercial kitchen - Fully under management.
State: NSW
Suburb: Burwood
Location: Situated in foodcourt of major shopping centre in the Inner West.
Premises: This business has an area of 55 sq. mts.

Health problems.

Sale Reason

3 years

Established

Shopping Center car park

Parking

Fully under Management - 2 full timers + 1 part timer.

Employees

7 days - 9:00 a.m - 6:00 p.m - Thursday - 9:00 a.m - 8:00 p.m.

Trading Hours

Current lease expires April, 2031 - Bond 3 months - Rent increases by 2.5%+ CPI yearly.

Lease

Well established Korean Street food takeaway franchise. The menu features popular items such as Korean fried chicken, teokbokki, gimbap, fish cake skewers, sausage skewers, Kransky sausages and drinks attracting strong interest from both local residents and visitors. Food court seating – The shop is fully equipped with a modern fit-out and kitchen, allowing an easy transition for a new owner.

Features

Prime location in busy shopping centre food court - Well known Korean street food franchise brand with 11 stores - Simple menu and easy operation - Fully fitted commercial kitchen - Fully under management.

Potential

Ideal for owner-operator couple to reduce staff costs and increase profit - expand catering and delivery services through internet - add new menu items to suit young customers.

Comments

Rent includes outgoings, marketing fees, and storage rental fee - Misc.1 - Franchise royalty fixed

amount of $250 p.w. - Due to health problem ( both feet damaged can not walk or drive - has to have an operation ASAP therefore owner wants to sell his business " urgently" Motivated vendor.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$14735
Cost of Goods
$4420
Gross Profit
$10315
Rent
$3087
Wages
$3500
Telephone
$50
Insurance
$60
Electricity
$300
Misc 1
$250
Total Expenses
$7297
Net Profit
$3018
Price
$59,000
Price
$59,000
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