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Restaurant - Korean Cuisine- Under Management - Restaurant - Korean Cuisine- Under Management - Nets $10,000 P.W. For Sale

Sydney, New South Wales, Australia
Asking Price:
$229,000 (AUD)
Sales Revenue:
$1,820,000 (AUD)
Cash Flow:
$520,208 (AUD)

Restaurant selling a variety of fried chicken options such as sweet and spicy, garlic soy, snow cheese chicken plus a diverse range of traditional Korean dishes, beer and soju.

The menu also features hearty individual mains including spicy soft tobu stew. kimchi pork spare ribs, bulgogi, bibimbap etc.. One of the most authentic and tasty Korean Food Restaurant in Sydney CBD. - 54 seats - Liquor license until 2:00 a.m

Potential
Experienced new owner couple could save on wages. - Add to menu -Extend trading hours and open earlier- Do some marketing and advertising through internet and local papers

Features
Prime location in Sydney CBD. - Well known for many years - Good reputation - Google rating 4.5 - Most customers are regulars from surrounding apartments. - Tasty and traditional Korean food. - A good size restaurant (54 seats)

Premises
This restaurant has an area of 106 sq.mts.

Location
Situated in Sydney CBD on very busy road with huge number of pedestrians all day.

Trading Hours
7 days - Monday to Sunday 1200 noon to 1200 midnight

Lease
5 year lease from November 2019 + 5yrs. option -3 months bond - Rent increases by 4% per year.

Employees
Fully under Management - 2 full timers +12 part timers.

Comments
Misc.- 1- Rubbish collection, Equipment includes walk in cool & freezer room, large fridge, bench storage, air conditioner, high and multi media system, CCTV 9 cameras etc. - Lots of Uber sales from surrounding apartment residents. ($9,000-$10,000/week) Motivated vendor after long time in same business. Rare to see such a prime location restaurant for sale. Inspection through your brokers.

Property Information

Location:

Situated in Sydney CBD on very busy road with huge number of pedestrians all day.

Business Operation

Expansion Potential:

Experienced new owner couple could save on wages. - Add to menu -Extend trading hours and open earlier- Do some marketing and advertising through internet and local papers

Trading hours:

7 days - Monday to Sunday 1200 noon to 1200 midnight

Employees:
Fully under Management - 2 full timers +12 part timers.
Years established:
10 yrs