Restaurant - Korean Cuisine- Under Management
Business Code: W1974
$185,000
Enquire now+ Estimated Stock (SAV) $7,000
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Key Features: Restaurant -Korean Cuisine - Under Management - Sydney CBD -Takings $35,000 p.w
State: NSW
Suburb: Sydney
Location: Situated in Sydney CBD on very busy road with huge number of pedestrians all day.
Premises: This restaurant has an area of 106 sq.mts.
Business Overview
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
Private reasons
Sale Reason
10 yrs
Established
Surrounding City car parks
Parking
Fully under Management - 2 full timers + 12 part timers.
Employees
7 days - Monday to Sunday: 12:00 noon to 12:00 midnight
Trading Hours
5 year lease from November 2019 + 5 yrs. option - 3 months bond - Rent increases by 4% per year.
Lease
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)
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
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.
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