Restaurant - Korean Cuisine - BBQ - Restaurant- Korean fine dining - Profit $13,500 p.w - City Fringe-Top location - FN1255
Restaurant - Korean Cuisine - BBQ - Restaurant- Korean fine dining - Profit $13,500 p.w - City Fringe-Top location - FN1255
Industry :
Food/HospitalitySub Industry :
RestaurantRestaurant - Korean Cuisine - BBQ - City Fringe - Agent SBX Code Number: FN1255
Restaurant serving Korean BBQ - acts as both a sleek Korean BBQ place and an all-out Wagyu-filled omakase inspired experience. For lunch and dinner, Korean BBQ is fired up over true charcoal grills. At lunchtime, its a fusion vibe with BBQ sets packed with soy-marinated beef or pork rib or Wagyu beef, Japanese-inspired Bento boxes packed with sashimi or Chicken katsu, and Chinese-style snacks like sweet and spicy soy dumplings. Theres also classic Korean bibimbap served two ways with sashimi or stone pot Wagyu. For dinner, with Korean BBQ meals available for groups of two or more. Theres even an insane Wagyu cake, made up of a chefs selection of meats. The signature omakase experience, is hosted in a private dining space, and is also a must-do for Wagyu enthusiasts. 46 seats inside plus 8 seats for omakase room, 28 seats outside. Fully licensed. Full kitchen and storage
Potential
Fantastic opportunity to own an established and extremely successful profitable business. Suit two owner operators and save on wages. Afterpay office building will open soon. A big shopping centre under construction nearby
Features
A good quality, local Korean BBQ option in the area. Prime location. Popular and well known for service and quality food. Loyal clientele. Good shop brand reputation. Good lease. Low rent
Premises
Well presented shop with an area of 130 sq. mts. with full kitchen, storage, terrace and outdoor seating area
Location
Situated in dining precinct near theatres, hotel, university, markets, businesses and in a high density residential area in the City fringe
Trading Hours
7 days, Monday to Sunday 5 pm to 10 pm for dinner only. Thursday to Sunday 12 pm to 4 pm open for lunch & 5 pm to 10 pm for dinner
Lease
3 + 3 + 3 + 3 + 3 years lease commenced from May 2022. 3 months bond. Annual 2% increases.
Employees
Under full management - 7 full timers + 10 casuals
Comments
A premium, Wagyu Korean BBQ and omakase concept. Under free rent period until March, 2023. Rent includes outgoings.
Figures
Weekly Sales $38000
Rent (ex GST) $1800
Wages $12000
Profit $13500
Agent SBX Code Number: FN1255 - SBX Business Brokers
SBX Business Brokers is one of the largest business brokers in Australia servicing Sydney, Melbourne, Brisbane and the Gold Coast. With over 30 years of experience, you can be assured that SBX will provide you with a premium service.
Headed by Colin Bennie and an extensive team of multi-lingual brokers, SBX will match the right business with the right buyer. Our team will personally take on each business and market it individually, as well as handle all of the details of meetings and inspections. SBX will assist you in understanding all of the legal requirements, rental bonds, insurance and other requirements that may relate to selling or purchasing a business in Australia.
SBX sells all manner of businesses from small owner-operator businesses to franchises and multi-million dollar businesses.
To find out more about how SBX Business Brokers can assist you, simply register online or contact the office.
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$600,000 + SAV
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Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
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