Liquor Licensed Korean Restaurant - Chinatown - $300k+ Profit to Owner

8 days ago

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Internal Ref: 1965019

Summary

A liquor licensed Korean restaurant located in Haymarket, close to the Sydney CBD, in an area known for its shopping, bars and restaurants. DA approved for 87 people on the premises.

Location Details

Approx. 280 sqm stylishly fitted out premises located in Haymarket, close to the Sydney CBD.

Potential

There is an opportunity for a new owner to either rebrand the business or to continue the current business and expand with new dishes and increased marketing.

The business at current does not utilize social media which would be an easy area of improvement for a new purchaser.

Skills

This restaurant opportunity would suit a purchaser with experience in the hospitality industry.

Hours

Open 6 days a week
Monday to Thursday: 11:30 am - 12:00 am
Friday to Saturday: 11:30 am - 1:00 am

Lease

Lease expiry late 2020 with an additional 1x2-year option.

Employees

2x Full time
6x Part time
4x Casual

About the Business

This is an exciting restaurant opportunity centrally located in Haymarket, close to the Sydney CBD which benefits from high amounts of foot traffic. The prime location is positioned close to key tourist hot spots such as Paddy's Markets, Hyde Park and Darling Harbour!

The 280 sqm liquor licensed restaurant has been renovated to a high standard fit out and can seat approx. 87 patrons, offering a large dining area, bar, commercial kitchen, office and much more.

The restaurant has shown extremely strong and consistent performance with over $300k in profit returning to the owner. The sale includes an extensive list of assets & equipment with further details being provided post enquiry.

Key facts about this restaurant:
- Liquor licensed
- Over $300k profit to the owner
- 280 sqm premises seating approx. 87 patrons
- Extensive list of assets/equipment included in the sale
- Glowing online reviews
- Modern website included


For more information on this opportunity, please contact the undersigned:

Barton Cha
Business Sales Specialist
Mentored Business Sales, Corporate Business Sales & Acquisitions
M: 0478 824 168 T: 1800 858 696 E: bcha@mentored.com.au

For more details go to www.mentored.business and complete our online confidentiality agreement. Use the reference ID 1965019 to search for the business.

Disclaimer:
Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, directors benefits, personal expenses, non recurring expenses, one off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

Business categories: Food, Restaurant, Hospitality, Korean BBQ, Chinatown, Haymarket, Liquor License, Website, Excellent Online Reviews, Business for sale

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