Restaurant -Korean Cuisine - Under Management - Sydney CBD -Takings $35,000 p.w

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restaurant-korean-cuisine-under-management-sydney-cbd-takings-35-000-p-w-0
 
restaurant-korean-cuisine-under-management-sydney-cbd-takings-35-000-p-w-0

Internal Ref: W1974

Summary

SBX Code: W1974 - Long established with regular customers - Situated in busy pedestrian area - Prime location in CBD - Nets $10,000 p.w.

Rent

$4,728 pw

Net Profit

$10,004 pw

Location Details

Situated in Sydney CBD on very busy road with huge number of pedestrians all day.

Potential

Experienced new owner couple could save on wages. - Add to menu - Extend trading hours and open earlier- Do some marketing and advertising through internet and local papers

Hours

7 days - Monday to Sunday 1200 noon to 1200 midnight

Lease

5 year lease from November 2019 + 5 yrs. option -3 months bond - Rent increases by 4% per year.

Employees

Fully under Management - 2 full timers +12 part timers.

About the Business

Restaurant - Korean Cuisine- Under Management - Sydney CBD

SBX Code: W1974
Restaurant selling a variety of fried chicken options such as sweet and spicy, garlic soy, snow cheese chicken plus a diverse range of traditional Korean dishes, beer and soju.

The menu also features hearty individual mains including spicy soft tobu stew. kimchi pork spare ribs, bulgogi, bibimbap etc.. One of the most authentic and tasty Korean Food Restaurant in Sydney CBD. - 54 seats - Liquor license until 2:00 a.m

Features
Prime location in Sydney CBD. - Well known for many years - Good reputation - Google rating 4.5 - Most customers are regulars from surrounding apartments. - Tasty and traditional Korean food. - A good size restaurant (54 seats)

Premises
This restaurant has an area of 106 sq.mts.

Comments
Misc.- 1- Rubbish collection, Equipment includes walk in cool & freezer room, large fridge, bench storage, air conditioner, high and multi media system, CCTV 9 cameras etc. - Lots of Uber sales from surrounding apartment residents. ($9,000-$10,000/week) Motivated vendor after long time in same business. Rare to see such a prime location restaurant for sale. Inspection through your brokers.

SBX Code: W1974

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