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Restaurant - Korean Cuisine - Korean Chicken - Inner West - Netting Over $6,000 P.W. - Under Full Management. For Sale

Sydney, New South Wales, Australia
Asking Price:
$279,000 (AUD)
Sales Revenue:
$1,144,000 (AUD)
Cash Flow:
$348,400 (AUD)

Restaurant serving a wide menu with Korean fried chicken, stews, pancakes and favourites such as LA short ribs, sweet and spicy chicken, marinated beef, cold noodle broth, cold buck wheat, chicken gizzard, noodles, fried snow chicken, sweet chilly chicken, Honey garlic chicken, crispy chicken etc.- 44 seats inside - cool room - Liquor license until 1100 p.m.

Potential
Experienced couple could save on wages.Suit family business. Thousands of new residents will move to this area opposite the shop into new high rise apartments being built within few years - no Korean Fried Chicken nearby. Can put more tables and chairs into the shop.

Features
Spacious and neat established Korean Restaurant - A good size restaurant with spacious full commercial kitchen with cool room and freezer room

Premises
This business has an area of 140 sq.mts.

Location
Situated close to train station with high pedestrian traffic from the station and surrounded by retail and restaurants in the Inner West.

Trading Hours
6 days - Monday to Saturday 1100 am to 900 pm.

Lease
New 5 + 5 or 3 + 3 year lease available as shop owner is landlord - Rent increases 4% per year - 3 months bond.

Employees
Under full management - 2 full timers + 3 part timers

Comments

Property Information

Location:

Situated close to train station with high pedestrian traffic from the station and surrounded by retail and restaurants in the Inner West.

Business Operation

Expansion Potential:

Experienced couple could save on wages.Suit family business. Thousands of new residents will move to this area opposite the shop into new high rise apartments being built within few years - no Korean Fried Chicken nearby. Can put more tables and chairs into the shop.

Trading hours:

6 days - Monday to Saturday 1100 am to 900 pm.

Employees:
Under full management - 2 full timers + 3 part timers
Years established:
10 yrs