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Restaurant - Korean Cuisine - Takeaway - Popular Korean Restaurant - Inner West - Takings $30,000 P.w. For Sale

Sydney, New South Wales, Australia
Asking Price:
$299,000 (AUD)
Sales Revenue:
$1,560,000 (AUD)
Cash Flow:
$390,000 (AUD)

Restaurant serving Korean cuisine including Korean set menu, beef bibimbap, kimchi stew, noodles, jokbal, soup, braised Monkfish in spicy sauce, braised spicy assorted kinds of seafood, rice meals, 10 kinds of hot pot including stone pot bibimbap, seafood pancakes, fried and boiled dumplings etc.- Full kitchen - 44 seats inside - 12 seats outside.

Potential
Could obtain Liquor license (STA) - Convert to BBQ restaurant - Have functions upstairs - Open for home delivery such as Menulog or Uber (current owner does not do this service) Advertise through internet media.

Features
Very famous Korean restaurant - Good menu with tasty variety of Korean cuisine-Regular customers - Stable business.

Premises
This business has an area of 200 sq.mts. including backyard with upstairsfunction or group meetings possible.

Location
Prime location on eatery street with restaurants, cafes, shops in Inner West

Trading Hours
7 days - Mon. - Sun. - 1000 a.m. - 1000 p.m.

Lease
Current lease expires August, 2026 + 5 yrs option - 6 month bond - Rent increases 5% per year

Employees
2 owners + 5 full timers + 2 parttimers

Comments

Property Information

Location:

Prime location on eatery street with restaurants, cafes, shops in Inner West

Business Operation

Expansion Potential:

Could obtain Liquor license (STA) - Convert to BBQ restaurant - Have functions upstairs - Open for home delivery such as Menulog or Uber (current owner does not do this service) Advertise through internet media.

Trading hours:

7 days - Mon. - Sun. - 1000 a.m. - 1000 p.m.

Employees:
2 owners + 5 full timers + 2 parttimers
Years established:
11 yrs

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