Restaurant - Korean Cuisine - Korean cuisine restaurant - Inner West - Licensed - Urgent Sale - W1856
Restaurant - Korean Cuisine - Korean cuisine restaurant - Inner West - Licensed - Urgent Sale - W1856
Industry :
Food/HospitalitySub Industry :
RestaurantRestaurant - Korean Cuisine - Inner West - Agent SBX Code Number: W1856
Restaurant serving a new variety menu of Korean fusion cuisine with tasty recipes and meals including Je-yuk, fried pork, prawn mandu, Bibimbap, Bulgogi, spicy clam, sweet soy beef ribs, crispy chicken avocado with kimchi, Korean fried chicken, spicy boneless chicken. 28 seats inside, Fully licensed selling rice wine, beer, soft drinks. - Full spacious kitchen, cool room and storage.
Potential
ideal for any kind of cuisine - Chinese, Thai, Malaysian, Nepal, Japanese. or cafe / restaurant. Introduce takeaway sales. Suit two owner operators and save on wages. Can start delivery. Could open 7 days.
Features
Prime location. Excellent shop fittings. Sunny and bright with wide glass frontage. Google review 5.points. Good reputation, Regular customers. Liquor license until 1000 p.m
Premises
Well presented shop with an area of 80 sq. mts. with full kitchen, cool room, storage,
Location
Prime street front location on main road with good exposure to the public in the Inner West of Sydney
Trading Hours
6 days, - Monday closed. - Tuesday to Wednesday & Sunday 100 pm to 900 pm. Thursday, Friday & Saturday 100 pm to 1000 pm
Lease
Current lease expires August 2025. Bond 4 weeks rent. Rent increases by 3% per year.
Employees
1 owner (chef) + 3 casuals
Comments
All kitchen equipment is new. 80% of sales are on Thurs., Fri., Saturday dinner. Sales records can be provided at meeting. Motivate vendor, Full training available with recipes. Inspection through your broker.
Figures
Weekly Sales $6000
Rent (ex GST) $853
Wages $1000
Profit $2000
Agent SBX Code Number: W1856 - 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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$75,000 + SAV
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Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
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!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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