A fantastic opportunity to own a well-established Korean restaurant in Brisbane. Located in a busy shopping precinct with strong foot traffic and a loyal customer base. Fully equipped commercial kitchen with nothing more to spend. Secure long lease, excellent online reviews, and great potential for further growth through extended trading hours, catering, or delivery. Full training and recipes will be provided to ensure a smooth transition. Genuine sale due to the owner's personal reasons.
- Asking Price:
- $199,000 (AUD)
- Sales Revenue:
- $720,000 (AUD)
- Cash Flow:
- Undisclosed
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
5 + 5 year lease. Approximately 4 years remaining on the current term, plus a further 5-year option.
- Leasehold Rent:
-
$88,400 (AUD) per annum
- Location:
-
Prime location in Indooroopilly, Brisbane. Situated in a busy shopping and dining precinct with strong foot traffic, surrounded by residential apartments, schools and public transport.
- Premises Details:
-
Modern fully fitted Korean restaurant with a commercial kitchen, grease trap, exhaust canopy, walk-in cool room, quality equipment, indoor dining and outdoor seating. Long lease available with excellent presentation and nothing more to spend.
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
Excellent opportunity to increase sales by extending trading hours, expanding online delivery, catering, corporate and school orders, and introducing additional menu items. Strong potential for an owner-operator to grow the business.
- Reasons for selling:
-
Due to the owner's health and personal commitments, the business is being offered for sale. It is a fully fitted and operating business with excellent potential for a new owner.
- Trading hours:
-
Monday: Closed
Tuesday - Friday: 11:30am - 3:00pm, 5:00pm - 9:00pm
Saturday - Sunday: 11:30am - 9:00pm
- Employees:
- Well-trained casual team in place.
- Years established:
- 1year
Other Information
- Support & training:
-
Full training and handover provided. Recipes, operating procedures, supplier contacts and staff transition assistance included.
- Furniture / Fixtures value:
- $220,000 (AUD)
- Inventory / Stock value:
- $10,000 (AUD)
