Internal Ref: W1975
Summary
SBX Code: W1975 - Seats 96 - Opens 6 days - Licensed - Well known and popular - No competition
Rent
$3,182 pw
Net Profit
$4,256 pw
Location Details
Situated on retail street surrounded by commercial, shops and restaurants in South Sydney area.
Potential
Open home delivery ( current owner has not tried) - Open 7 days - Ideal for a family-run business. - Liquor licence already in place - potential to grow alcohol sales.- High exposure location with heavy pedestrian traffic and strong local demand.
Hours
6 days 11.30 a.m. - 10.00 p.m. - (break 200-300 p.m) - Closed Thursday.
Lease
5 + 5 yrs. lease from July 2025. - 3 months bond, - Rent increases by 3% per year.
Employees
3 owners + 2 part timers (during the week) +4 part timers ( weekend )
About the Business
Restaurant - Korean BBQ - South Sydney
SBX Code: W1975
Modern Korean charcoal BBQ restaurant serving rotating skewers - BBQ chicken skewers, lamb, pork, etc. Also serving steamed egg, cold corn noodle soup, fried rice with kimchi, soy bean paste soup, fish roe soup, spicy raw beef, many kinds of side dishes, marinated beef rib, abomasum, sirloin beef, prawn and special combination skewers, ( lamb, beef, pork) combined with liquor - Liquor license until 1000 p.m. - 96 seats, all marble BBQ tables. ducted above the skewers table. marinated crab in spicy sauce, cockles bibimbap, black wheat noodle, crab shell, kimchi stew, seafood pancake, cold noodles, ginko skewers etc. 61 seats inside - cool room and liquor license until 1000 p.m
Features
No competition. Quite large area with 96 seats and marble BBQ tables. - Established and profitable - Strong cash flow with loyal customer base- Prime location. - Long history and well known - Liquor licence.
Premises
This business has an area of approx. 300 sq. mts inside with 100 sq. mts. backyard.
Comments
Every table installed gas connection and above the table installed BBQ duct system. Very motivated vendor (owners mother 70 yrs is working as a cook chef and needs to retire. Price lowered for quick sale. Motivated vendor. Inspections through your broker.
SBX Code: W1975
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