Internal Ref: FN1359
Summary
SBX Code: FN1359 - Low rent - Stylish retro fit-out - Strong sales - Liquor concept - Growth potential - Popular local venue. - Nets over $4000 p.w.
Rent
$1,150 pw
Net Profit
$4,400 pw
Location Details
Situated in the heart of Lower North Sydney surrounded by offices, apartments, retail shopping, and heavy pedestrian traffic. Excellent visibility and
Potential
Excellent opportunity for an owner-operator couple or hospitality group.- Extend trading to 7 days per week and capture additional demand.- Introduce lunch service to nearby office workers and shoppers.- Expand delivery, takeaway, and catering services.- Increase online marketing and social media presence.- Reduce wage costs through owner operation.- Suitable for other premium Asian dining concepts, bar dining, or fusion cuisine
Hours
6 days - Tuesday to Saturday 500 pm to late. Sunday 500 pm to 1100 pm. Closed Monday
Lease
5 + 5 year lease commenced April 2022 - 3 months bond - Rent increases 2.8% per year.
Employees
Under Management - 2 full timers + 2 casuals
About the Business
Restaurant - Korean Cuisine - Lower North Shore
SBX Code: FN1359
pWell-established Korean casual bar & dining restaurant, inspired by the retro energy and modern flavours of Seoul. The venue offers a unique dining experience with stylish Korean nostalgia-themed decor, creating a vibrant atmosphere ideal for date nights, social gatherings, and after-work dining. Popular signature dishes include spicy tomato mussel stew, minari pancake with dried shrimp, cheese hamburger steak, wagyu, chilli mapo tofu, Korean fried chicken, slow cooked whole chicken soup, and a variety of creative Korean share plates. The business also features an extensive Korean drinks list including premium soju, Korean craft beers, highballs, wine, and cocktails. Fully equipped with a commercial kitchen, exhaust ventilation, refrigeration, freezer, storage, and quality fixtures, the restaurant is ready for immediate operation. - 40 seats inside - fully licensed/p
Features
Prime location in a busy dining precinct.- Exceptionally low rent.- Stylish retro fit-out with strong brand identity..- Extensive liquor offering with premium Korean beverages.- Secure long lease in place.
Premises
Modern Korean restaurant / bar dining venue with stylish fit-out, full commercial kitchen, storage, and an area of approx, 159 sq. mts.
Comments
pRare opportunity to acquire one of the Lower North Shores most unique Korean dining venues with very low rent, strong branding, and solid turnover. Ideal for buyers seeking a profitable hospitality business with further upside. Motivated vendor. Inspections strictly by appointment only. Staff unaware of sale.- Wage based on 1 owner operating/p
SBX Code: FN1359
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