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EXCEPTIONAL RESTAURANT/BAR & WINE DISTRIBUTION CO. (SINGAPORE) BFB3361
Internal Ref: W1884
Summary
SBX Code: W1884 - Long established - Very well known - Well presented BBQ tables with 96 seats. takings $20,000 p.w. - Urgent sale
Rent
$3,160 pw
Net Profit
$7,878 pw
Location Details
Local icon located on busy main commercial road in .South Sydney area
Potential
Fantastic opportunity to own an established and extremely successful profitable business. Suits family business or partnership. Current owner opens dinner only (new owner could open lunch and increase sales) Can open home delivery, catering. More marketing on social media.
Hours
7 days - Monday to Sunday 530 pm to 1000 pm. Open dinner only
Lease
Current lease expires July 2027 + 7 yrs. option - Rent increases by C.P.I. - Bond 3 months.
Employees
2 owner chefs (2 family members) + 3 part timers
About the Business
Restaurant - Korean BBQ Cuisine - South Sydney
SBX Code: W1884
Modern successful restaurant serving Korean BBQ. - This establishment seamlessly blends modernity with Korean traditions, featuring a rustic brick wall interior softly illuminated by ambient lighting. The menu has an array of delights from Wagyu sets to premium wagyu beef and pork options, Korean fried chicken, 10 special bibimbab choices and an assortment of noodles cater to diverse tastes. This expansive restaurant exudes a vibrant energy, it is illuminated by abundant natural light streaming through sliding windows that welcome fresh air. The well maintained equipment stands ready for its new owner and with buffets on the rise, this establishment is ideally suited to offer a buffet experience - BBQ tables with 96 seats inside - Licenced.
Features
Prime location. Absolutely no competition Korean BBQ. A good quality local restaurant. Popular and well known for service and quality food. Loyal clientele. Good shop brand reputation. Good lease. Low rent. Excellent BBQ tables fitout.
Premises
Unique style design and very well presented restaurant with a ground floor area of 280 sq. mts. and a total area of approx. 400 sq.mts. which includes 2 rooms upstairs with kitchen and toilet.
Comments
Not a franchise. successful korean BBQ, Current owner opens dinner only, when they opened for lunch sales were 30% more. Shop was recently renovated, refurbished shop floor as well. - Looks like a brand new shop. Upstairs could be rented out ( expected rent of $400.w.) for living or warehouse. Motivate vendor after 30 yrs - Staff are not aware. Inspections only through your broker. Eftpos lease $120 per month. equipment not included - dumpling machine, 1 big container, 1 refrigerator, steamer.
SBX Code: W1884
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