Food/Hospitality Business for Sale in NSW Photo 1
Restaurant for sale in Eastern Suburbs, NSW
For Sale $650,000

Restaurant for sale in NSW

Food/Hospitality
NSW
For Sale $650,000

Business Details

Restaurant - Korean Cuisine - Sydney CBD



Restaurant - Korean Cuisine - Sydney CBD - Agent SBX Code Number: FS1101J

Restaurant serving BBQ Wagyu beef, pork, seafood etc. - also hot pots, noodles, variety of bibimbap, and Korean dishes.- outside area with 40 seats which can be expanded to 100 seats - 48 seats inside - Commercial kitchen with walk in coolroom and freezer. - Licensed.

Potential
Ideal for family operation to save on wages- Open backyard for another extra 60 seats (D.A.approval) -Motivated buyer can increase sales above 30k weekly.

Features
Well known area - Easy and stable business - Simple operation.

Premises
This business has an area of 170 sq. mts. with open back yard.

Location
Situated in popular Korean food area of Sydney CBD.

Trading Hours
7 days - Mon. - Sun. - 1100 a.m.- 1030 p.m.

Lease
Current 10 years lease will expire on Sept, 2022. - C.P.I. rent increases - 3 months bond required.

Employees
One owner + 10 casuals.

Comments
Spacious and well set up restaurant - Set up cost in Feb. 2018 was roughly $500k.- Rent includes outgoings.-Please discreet when visiting the shop - A must to inspect.

Figures
Weekly Sales $25000
Rent (ex GST) $3800
Wages $7500
Profit $5400

Agent SBX Code Number: FS1101J - SBX Business Brokers

  • Last Updated October 2018
  • Business Category Food/Hospitality
  • Business Sub Category Restaurant
  • Expenses $12100
  • Business Selling Price $650000
  • Trading Hours 7 days - Mon. - Sun. - 11:00 a.m.- 10:30 p.m.
SBX Business Brokers
Suite 1, Level 2, 2 - 4 Pacific Highway,
St Leonards, NSW 2065
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