POPULAR & PROFITABLE KOREAN FAMOUS CHICKEN LEGEND TAKEAWAY

23 days ago

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Internal Ref: BUY2429

Summary

Prominent, long established & profitable Korean Eatery/Takeaway offering best Korean chicken and irresistible symphony of spicy, creamy Topokki.

Net Profit

$150,000 pa

About the Business

​This business was established in 2013 with close to 12 years of profitable and successful operation cultivating a renowned brand for its authentic Korean fried chicken, delicious TOPOKKI, BIBIMBAP, SILKEN Tofu Pot, Korean Pancake, noodles and rice menus.

It is the "Must Visit" destination for the foodies who either stopover for a quick snack or a full meal, love and expect deliciously marinated, moist on the inside and crunchy on the outside pieces of chicken served with their choice of unique Korean flavours that truly represents the culture.

The business is operated by its owners supported by a team of reliable and experienced staff offering delicious food and great service. The business is located in one of the prime shopping hub of Brisbane's most bustling suburb. The shop is nested in a very popular shopping & dinning centre with extremely high foot traffic and ample of parking.

Given with its high visibility location, the rent is reasonably at $1,900/week (including O/G & GST plus an external storage room) supported by a lease till 2027 and an easy going landlord. This business is the landmark of the shopping hub so the landlord loves its presence and continuance.

Weekly averaged taking of $13,000 with net profit of $3,000+ per week and annual netting of $150,000 after the wages of two owners operators of $90,000 pa.

It is a perfect business for Visa 188A applicants or motivated operators or partners who have strong drive for profit with ambition to take this business to the next level. Owners have been enjoying the remunerative returns from this business for years and are unwillingly to offload but only due to health issue.

Owners are committed to disclose all the proprietary recipes with training to the new owner with an aim to offer a hassle-free handover and transition.

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