Internal Ref: FN1378
Summary
SBX Code: FN1378 - Brand-new fit-out & equipment throughout Fully licensed Approx. 60 seats Low rent Rare City fringe location - Selling well below original setup cost.
Rent
$1,442 pw
Net Profit
$2,900 pw
Location Details
Prime location in a vibrant residential and commercial precinct on the Sydney City Fringe, surrounded by apartments, offices and strong local foot tra
Potential
Introduce delivery services to generate additional sales. Increase online and social media marketing. - Ideal for an owner-operator or family business to reduce wage costs and improve profitability. - Further potential to extend trading hours and open 7 days.
Hours
6 days - Tuesday to Sunday 1130 am to 3 pm & 430 pm to 10 pm
Lease
5 + 5 year lease commenced April 2025 - 4% increase per year - 3 months bond
Employees
1 owner + 2 full timers + 2 casuals
About the Business
Restaurant- Korean BBQ- Korean Cuisine - City Fringe
SBX Code: FN1378
Rare opportunity to acquire a well-presented Korean BBQ restaurant positioned as the only dedicated Korean restaurant, enjoying limited direct competition and serving a strong mix of local residents, office workers, tourists and group diners. The restaurant specialises in authentic Korean BBQ featuring premium Australian Wagyu beef and pork, together with popular traditional Korean dishes including kimchi stew, Korean pancakes, noodles and Korean fried chicken. The business features a modern brand-new fit-out with all equipment purchased new, providing an impressive turnkey setup for an incoming operator. The premises also include a liquor licence, adding further potential to maximise dinner and group dining trade. Well suited to corporate functions, birthdays, group dining and private events, with indoor capacity for approximately 60 guests..
Features
Near new high quality fit-out and equipment throughout - Selling well below original setup cost - Low rent - Liquor licence - Cool room and freezer room - Rare turnkey Korean BBQ opportunity - Ready for an experienced operator to take over and commence trading.
Premises
Spacious 143 sq.m premises with high-quality near-new fit-out and equipment throughout. Fully equipped with cool room, freezer room and ample storage.
Comments
Rare turnkey Korean BBQ opportunity with near-new high-quality fit-out and equipment throughout. Offered well below the original setup cost, allowing an incoming operator to avoid the substantial cost and time involved in establishing a new restaurant from scratch. Sale includes the fit-out, equipment and lease opportunity. Existing brand, branding and proprietary recipes / IP are excluded. - General operational training and handover will be provided.
SBX Code: FN1378
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