Summary
Popular Korean Restaurant in Prime Location with $162k Net Profit in the south of Brisbane.
Revenue
$575,929 pa
Net Profit
$162,689 pa
Location Details
Located at high foot traffic Shopping Centre, next to major stores in Brisbane southern suburbs.
Potential
Increasing delivery and takeaway operations through delivery platforms is needed for expansion.
Skills
Training is provided; however, this business is best suited for a qualified chef with expertise in Korean and Chinese cuisine. The owners are offering 2 weeks of training to ensure a seamless transition.
Hours
6 days per week
Lease
Expiry date: 12/06/2029
Employees
2 x owner-operators
5 x causal staff
Reason for Sale
Semi-retirement
About the Business
This well-established Korean restaurant has been a local favourite since 2017, offering an authentic dining experience with traditional flavors and premium-quality ingredients. What sets this business apart is its unique approach to Korean cuisine, integrating Chinese herbal medicine principles into its dishes, thanks to the owner’s 30 years of experience as a herbal doctor. Known for its signature hot pots, sizzling meats, and comforting rice dishes, this restaurant has built a loyal customer base that keeps coming back. With a strong financial track record, recent renovations, and exciting growth opportunities through delivery services and franchising, this business is primed for expansion under new ownership.
Key Highlights
Proven Profitability: $575K revenue and $162K net profit in FY2024, with cost-effective strategies keeping rent low.
Prime Location: High-traffic shopping village with ample parking, situated next to major supermarkets.
Renovated & Well-Equipped: $30K invested in modernising the space—ready for a new owner with no further upgrades needed.
Turnkey Operation: Fully equipped kitchen, paid-off assets, trained staff, and a 5-star food safety rating for a smooth transition.
Loyal Customer Base: A strong following of locals and food lovers drawn to its authentic flavors and unique offerings.
Growth Potential: Expand into catering, delivery services, or franchise the brand to scale operations.
Financial Summary
Revenue (FY2024): $575,929
Adjusted Net Profit (FY2024): $162,689
Rent: $3,761 (+GST) per month
Total Rent & Outgoings: $5,852 (+GST) per month
Stock at Value (SAV): Approx. $3,000
Asking Price: $389,000 + SAV
This is a fantastic opportunity to acquire a profitable, well-established Korean eatery with strong foundations and exciting potential for growth. The current owners are transitioning to semi-retirement and will provide training to ensure a seamless handover.
Serious Buyers Only
All enquiries require a signed Non-Disclosure Agreement (NDA) before further information is shared.
Business details are strictly confidential and will only be disclosed to serious buyers.
Enquire Today
Jade – 0432 742 038
Sunset Business Brokers
History
Established in August 2017
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