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Restaurant - Korean & Asian Cuisine-Takeaway - Korean Cuisine-Nets $6970 P.W.-Opportunity For Chinese Restaurant-Inner West For Sale

Sydney, New South Wales, Australia
Asking Price:
$200,000 (AUD)
Sales Revenue:
$832,000 (AUD)
Cash Flow:
$362,440 (AUD)

Restaurant serving Korean / Asian cuisine including a selection of grilled and stir fried pork / beef / chicken / seafood set, spicy noodles and hot stone pot etc. Open commercial kitchen. Liquor license. 45 seats inside and outside. The takings include Uber and Panda etc home delivery and groups of tourists booking orders through travel agencies with high margins.

Potential
Suits any type of restaurant. There are no Chinese restaurants in this shopping town. Could change to Chinese, Vietnamese, Thai etc. Good for family business.

Features
Prime location. Regular customers (around 40% of customers from Chinese background ). Well known to locals. Low rent with long lease.

Premises
Well presented shop with an area approx. 70 m2.

Location
Prime location on eat street of local shopping town in Inner West area.

Trading Hours
7 days - 11 am to 10 pm.

Lease
5 years lease + 5 years option commenced April 2023. - 3% annual increases. - 3 months bond.

Employees
2 owners plus one chef and 4 casuals

Comments

Property Information

Location:

Prime location on eat street of local shopping town in Inner West area.

Business Operation

Expansion Potential:

Suits any type of restaurant. There are no Chinese restaurants in this shopping town. Could change to Chinese, Vietnamese, Thai etc. Good for family business.

Trading hours:

7 days - 11 am to 10 pm.

Employees:
2 owners plus one chef and 4 casuals
Years established:
Many years