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Restaurant - Korean Cuisine- Under Management - Sydney CBD - (Code: W1974)

Restaurant - Korean Cuisine- Under Management - Nets $10,000 p.w.

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Price: $229,000






Weekly Takings (inc GST) $35,000
Cost of Goods $10,000
Gross Profit $25,000
Rent $4,728
Wages $9,500
Outgoings $
Telephone $35
Insurance $127
Electricity $346
Gas $106
Misc 1 $154
Misc 2 $
Total Expenses $14,996
Net Profit $10,004
Coffee Kilos P/W 0.0

Estimated Stock

$7,000
(Additional)

Equipment

$
(Included)
All other values
exclude GST
General Description
<p>Restaurant selling a variety of fried chicken options such as sweet and spicy, garlic soy, snow cheese chicken plus a diverse range of traditional Korean dishes, beer and soju.</p><p>The menu also features hearty individual mains including spicy soft tobu stew. kimchi pork spare ribs, bulgogi, bibimbap etc.. One of the most authentic and tasty Korean Food Restaurant in Sydney CBD. - 54 seats - Liquor license until 2:00 a.m</p>

Potential
Experienced new owner couple could save on wages. - Add to menu - Extend trading hours and open earlier- Do some marketing and advertising through internet and local papers

Features
Prime location in Sydney CBD. - Well known for many years - Good reputation - Google rating 4.5 - Most customers are regulars from surrounding apartments. - Tasty and traditional Korean food. - A good size restaurant (54 seats)

Premises
This restaurant has an area of 106 sq.mts.

Location
Situated in Sydney CBD on very busy road with huge number of pedestrians all day.

Trading Hours
7 days - Monday to Sunday: 12:00 noon to 12:00 midnight

Lease
5 year lease from November 2019 + 5 yrs. option - 3 months bond - Rent increases by 4% per year.

Employees
Fully under Management - 2 full timers + 12 part timers.

Comments

Misc.- 1- Rubbish collection, Equipment includes walk in cool & freezer room, large fridge, bench storage, air conditioner, high and multi media system, CCTV 9 cameras etc. - Lots of Uber sales from surrounding apartment residents. ($9,000-$10,000/week) Motivated vendor after long time in same business. Rare to see such a prime location restaurant for sale. Inspection through your brokers.



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SBX Business Brokers takes no responsibility for the accuracy of this information. Buyers should seek advice from their own Advisors.

SBXW1974

For more details please call (02) 9439 4403
or click here to register with us.


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