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Restaurant -korean Cuisine - Restaurant - Korean Cuisine - Netting Over $7000 P.W. - Inner West For Sale

Sydney, New South Wales, Australia
Asking Price:
$380,000 (AUD)
Sales Revenue:
$1,274,000 (AUD)
Cash Flow:
$411,736 (AUD)

An atmospheric restaurant serving distinctive Korean & Japanese fusion dishes, such as spicy fish cake pot, sweet and spicy chicken hot pot, and pork schnitzel meals. It contains comfortable indoor seating for 78 and is a spacious 180 sq. m. venue stylishly presented with an inviting atmosphere and quality fit-out. The venue is well positioned to capitalise on strong food traffic from surrounding commercial activity and visitors to the area. Sells soju liquor until 11 p.m.

Offering a fully equipped commercial kitchen, established systems and broad customer appeal, this business presents an attractive opportunity for an owner-operator or hospitality group seeking a quality hospitality operation with scale, flexibility and further growth potential.

Potential
If operated by the owner, couple or as a partnership, net profit can be higher. Advertising and menu development via internet media, plus other additions to advertising, can help increase sales. It's a great location and size for a popular restaurant - suitable as a Chinese restaurant or a Korean BBQ.

Features
Prime location. - Top spot for casual catch-ups over delicious bites. - Embrace modern dining with charcuterie, a culinary adventure.

Premises
This business has an area of 180 sq. m. (including an outdoor area of approx. 60 sq. m.).

Location
Situated on a street full of cafes and restaurants in the Inner West.

Trading Hours
6 days - Closed Mon. - Tues. - Sun. - 11:00 a.m. - 3:00 p.m. & 4:00 p.m. - 12:00 a.m.

Lease
Current lease expires April 2027 - 3-month bond - Rent increases by 4% per year - New 5-year lease available.

Employees
1 owner (working full-time in management and serving) + 2 full-timers + 3 part-timers.

Comments
Rent includes outgoings. - Previously was a licensed cafe.

Property Information

Location:

Situated in street full of cafes and restaurants in Inner West.

Business Operation

Expansion Potential:

If operated by the owner, couple or as a partnership, net profit can be higher. Advertising and menu development via internet media, plus other additions to advertising can help increase sales. It's a great location and size for a popular restaurant - suitable as a Chinese restaurant or a Korean BBQ.

Trading hours:

6 days - Closed Mon - Tue - Sun - 11:00 AM - 3:00 PM, 4:00 PM - 12:00 AM

Employees:
1 owner (working full-time management, serving) + 2 full timers + 3 part timers.
Years established:
8 yrs