Internal Ref: M2266
Summary
SBX Code: M2266 - Top Korean BBQ restaurant in Sydney CBD with high takings $4.7 million and high profit $900k a year. Unique spacious outdoor seating area. Fully under management.
Rent
$11,408 pw
Net Profit
$19,680 pw
Location Details
Excellent location in Sydney CBD close to Darling Harbour and tourist attractions.
Potential
A hand over to a motivated owner operator could save on wages and make more sales and profit. Opportunity to increase income by opening lunch on Mon to Friday. Could add home delivery to boost sales. Could change to different POS system to save bank merchant fees currently being charged. Ideal for family business or partnership.
Hours
7 days - Mon. - Fri. - 5 p.m- 1030 p.m. ( dinner only ). Sat.- Sun. - 12 p.m- 1030 p.m. ( lunch a
Lease
10 years lease commenced March, 2019. - 4% annual increases. - 3 months bond. - Extend 5 years le
Employees
Fully under management-Total 24 staff
About the Business
Restaurant-Korean BBQ Cuisine-Under Management - Sydney CBD
SBX Code: M2266
Top Korean BBQ cuisine restaurant in hot spot of Sydney central business district and offering attractive numerous outdoor grilled BBQ dining activities which is hard to find in any other place in Sydney CBD. The delicious food menu features a wide range of popular choices of grilled and BBQ meat such as marinated pork and beef ribs, spicy chicken, stone pot soups and noodles etc. with fresh and tasty side dishes. Large commercial kitchen with cool room and walk in frozen room and well-stocked food and drinks fridges. Liquor license. Around 110 comfortable seats outside and 20 seats inside. The weekly takings shown is shop retail only without home delivery. The current years takings is more than $4.7 million. All high quality and fresh food material and ingredients are delivered by central kitchen owned by the vendor. Very busy trading on weekends with crowded customers. First time on market after 11 years successful running.
Features
Top BBQ restaurant in great location. Long established for 11 years. - Large and lively outdoor seating area. - One of highest takings Korean cuisine in Sydney. High reputation for its delicious food and outstanding service. Easy operation by central kitchen delivered all food materials. Stable income and high profit. Fully under management. Great growth potential for owner operator.
Premises
Modern designed and well presented shop with total area approx. 300 sqm including large kitchen, large storage area and specious outdoor seating area.
Comments
The rent includes all outgoings-strata, council rates, water rates and usage, rubbish and grease trap cleaning. Misc -1-Refers to bank merchant fee and general business expenses. - Misc.- 2-Refers to two POS machines fees. This is rare to find an outstanding premier destination Korean BBQ restaurant in Sydney with high turnover and great profit and running by excellent management team. A great investment opportunity. The vendor will continue to support a new owner for delivery of all goods from the central kitchen which can keep food quality also save on wages. One of the best restaurants on our listing books. All figures can be reviewed for the real business performance at the meeting. Staff are not aware of sale, All inspections must be through SBX Business Brokers.
SBX Code: M2266
SBX Business Brokers
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