Internal Ref: M2261
Summary
SBX Code: M2261 - Top BBQ restaurant. Stunning fitout. High takings and profit. Fully under management. 15 years lease. A good buy opportunity.
Rent
$8,528 pw
Net Profit
$7,478 pw
Location Details
Prime location on shopping street in North West area.
Potential
A hand over to a motivated owner operator could save on high wages and cost of goods and make more sales and profit. Could add home delivery to boost sale. Could change to different cuisine such as Chinese or Japanese restaurant if desired. Ideal for family business or partnership.
Hours
7 days - 12 p.m - 3 p.m. then 5 p.m- 10 p.m.
Lease
15 years lease commenced 1 Feb, 2021 till 2036. - Annual rent increases between 2-3%. - 3 months
Employees
Fully under management- 20 staff includes casuals
About the Business
Restaurant- Korean Cuisine- Under Management - North West Sydney
SBX Code: M2261
Korean style BBQ restaurant serving a wide range of grilled and BBQ meats such as soy marinated wagyu beef rib and prime pork short rib, wagyu oyster blade, spicy seafood and noodle products etc. Large commercial kitchen with 2 cool rooms. 180 comfortable seats inside. Own website for customer booking. No home delivery. One of the famous Korean restaurants in Sydney. Sales are more than $3 million per year. The indicated figures are based on the business average two years financial report- FY 2024 and FY 2025 profit and loss statements.- Licensed
Features
Top BBQ restaurant. Long established. Good reputation. Well known to locals. Stunning fit out. High turnover and profit. 15 years long lease. Fully under management. Great growth potential.
Premises
Specious and nicely presented shop with 2 levels in total area approx. of 500 m2. plus 6 parking spaces.
Comments
The rent plus GST includes all outgoings. Misc.- 1-Refers to bank fees, waste bill, shop maintenance, accountant fees, motor vehicle expenses, print/stationery fees, pest control and other taxable expenses. - Current two years financial report available to review by a serious buyers. A great and profitable business would suit a savvy investor. Inspection is high recommended. Please do not speak to anyone when visit the business premises. All inspections must be through SBX Business Brokers.
SBX Code: M2261
SBX Business Brokers
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