Summary
Northbridge Korean BBQ since 2017: 120 seats, 32+ BBQ tables, adjoining kebab subtenant with rental income. FY2026 sales $971,723. Financials to qualified buyers under NDA.
Revenue
$971,723 pa
Location Details
Northbridge dining precinct. Exact street address and inspection arrangements will be provided to qualified buyers following confidentiality screening.
Potential
Scope to build daytime trade, improve digital presence, introduce delivery/takeaway platforms and develop local marketing. Website, lunch and third-party delivery are not currently in place. The adjoining kebab subtenancy adds a separate rental component; arrangements remain subject to lease and landlord consent.
Skills
Hospitality management, Korean BBQ service, food safety, roster and team supervision, customer service, inventory and supplier control. Existing EPOS NOW and ResDiary systems support operations. Liquor service must comply with licence conditions.
Hours
Six evening services weekly; Tuesday closed. No lunch trading currently. Exact hours available to qualified buyers.
Lease
Head lease to 30 Sep 2028; no option. Assignment/extension subject to landlord approval. Sublease to 29 Sep 2028.
Employees
One full-time and six casual employees. Staffing, rosters and applicable transfer obligations to be reviewed during due diligence.
Reason for Sale
The family is moving into a new phase after operating the restaurant as a successful and rewarding mother-and-son business since 2017. The mother is looking to retire, while the son is increasingly focused on established recruitment and mining-sector business interests. The evening and late-night demands of hospitality no longer suit the family’s changing priorities. This is a planned family and lifestyle transition.
About the Business
Established Northbridge Korean BBQ business offered for a clean sale of the operating business and substantially all restaurant assets (not company shares). The fitted venue has approximately 120 seats, 32+ installed Korean BBQ tables/grills, commercial kitchen, extraction infrastructure, furniture, refrigeration and operating systems. Current trade is six evenings per week, Tuesday closed, with no lunch service. Staff structure is one full-time and six casual employees. EPOS NOW, ResDiary and established social media are in place; there is no dedicated website or current major third-party delivery platform.
An established kebab operator occupies adjoining premises under a formal sublease to 29 September 2028 and contributes a separate rental component. Rental collections, shared-cost allocations and statutory recording are being reconciled; shared-expense reimbursements are not additional profit. The head lease expires 30 September 2028 and has no formal further option. Any assignment or additional term requires landlord approval; no extension is secured. Restaurant liquor licence transfer/continuation is subject to applicable approvals.
FY2026 accountant-prepared statements report restaurant sales of $971,723. The five-year sales history and supporting financial records will be provided to buyers who outline relevant hospitality/management experience or a credible operating plan, funding approach and intended purchase timeframe, after an initial qualification discussion and signed confidentiality agreement. Asking price $379,000 plus stock at value. Two company vehicles are excluded. Up to three months of paid transition assistance may be available by separate agreement. All buyers are welcome; any purchaser considering immigration options needs independent registered migration-agent advice. Buying the business does not itself provide a visa, sponsorship or permanent residency.
History
Opened in October 2017 and developed as a mother-and-son family restaurant. The business has established a Northbridge customer following and a large-format Korean BBQ dine-in operation with more than 32 installed BBQ tables/grills, approximately 120 seats and a fully equipped commercial kitchen.
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