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Restaurant - Bar- Korean Cuisine- Under Management - Restaurant-Korean Fine Dining - Profit $15,000 P.W - City Fringe- Top Location For Sale

Sydney, New South Wales, Australia
Asking Price:
$600,000 (AUD)
Sales Revenue:
$1,976,000 (AUD)
Cash Flow:
$780,000 (AUD)

Restaurant serving contemporary Korean cuisine in a whimsical, yet sophisticated way. Even for those who are accustomed to Korean food, this isnt a familiar dining style. Instead, offers thoroughly modern with an aim to shift the current perception of the cuisine amongst Sydney siders - serving a diverse range of classic and contemporary Korean dishes - Each meal is intended to be savoured. There is always an option to add matching wines or Korean Soju,- marrying traditional Korean cooking techniques with modern methods using local Australian produce. This is echoed through drinks menu and wine list, which explore traditional Korean liquor, while also hero-ing some of the best Australian wine - 32 seats inside and 30 seats terrace- Can also cater to large groups or functions as well.- has space for over 86 seats

Potential
Fantastic opportunity to own an established and extremely successful profitable business. Suit two owner operators and save on wages. Charcoal DA and tobacco license approved. A big shopping centre under construction nearby

Features
Popular and busy laneway location. Affluent area which allows for high margins. Sydneys high-end Korean dining experience. Loyal clientele. Good shop brand reputation. Good lease. Low rent.

Premises
This fully renovated heritage terrace has a total area of approx. .130 sq. mts. plus 60 sq.mts outdoor with storage and cool room

Location
Situated near theatres, university, markets, businesses and in a high density residential area in the City fringe

Trading Hours
6 days, Tuesday to Sunday 530 pm to 10 pm for dinner / Saturday & Sunday 12 pm to 330 pm. open for lunch also - Closed Monday.

Lease
3 year lease commenced February 2021+ 3 + 3 + 3 years options. 3 months bond. Annual 2% increases.

Employees
Under full management - 7 full timers + 8 casuals

Comments

Property Information

Location:

Situated near theatres, university, markets, businesses and in a high density residential area in the City fringe

Business Operation

Expansion Potential:

Fantastic opportunity to own an established and extremely successful profitable business. Suit two owner operators and save on wages. Charcoal DA and tobacco license approved. A big shopping centre under construction nearby

Trading hours:

6 days, Tuesday to Sunday 530 pm to 10 pm for dinner / Saturday & Sunday 12 pm to 330 pm. open for lunch also - Closed Monday.

Employees:
Under full management - 7 full timers + 8 casuals
Years established:
02/2021

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