Busy Haymarket Korean Restaurant $46k Weekly sales - $12k profit p.w. - FN1362
Busy Haymarket Korean Restaurant $46k Weekly sales - $12k profit p.w. - FN1362
Industry :
Food/HospitalitySub Industry :
RestaurantRestaurant - Korean Cuisine - Sydney CBD - Agent SBX Code Number: FN1362
pWell-established Korean casual dining restaurant offering authentic Korean cuisine in a vibrant and welcoming atmosphere. The menu includes a wide range of popular Korean dishes such as Korean fried chicken, spicy pork dishes, hotpot, Korean pancakes, stir-fried seafood, pork belly, fish cake soup, Korean-style rice dishes, and a variety of Korean pocha-style bar snacks and drinks. -/ppPositioned on busy CBD street within one of Sydneys most popular Asian dining precincts, the business benefits from strong pedestrian traffic and a loyal customer base including students, city workers, tourists, and Korean food lovers. Fully equipped commercial kitchen, 108 seats inside, storage facilities, full liquor licence until 2 a.m., and an established takeaway and delivery platform presence support smooth day-to-day operation and strong late-night dining potential./p
Potential
Ideal opportunity for family-run business with manageable operation structure - Well suited for experienced hospitality operators or buyers looking to enter Sydneys growing Korean dining market. - Potential to introduce new menu items, Korean drinking culture concepts, or seasonal promotions to further grow sales
Features
Prime CBD location - Well established Korean restaurant with loyal customer base-Spacious two-level dining layout suitable for group bookings and functions - Modern and welcoming interior atmosphere with warm lighting.
Premises
Spacious two-level restaurant with an area of 270 sq. mts. including modern dining areas, food lift system between floors, fully equipped commercial kitchen, storage facilities, and efficient operational layout.
Location
Prime location in the heart of Haymarket with strong pedestrian traffic near Central Station and Chinatown
Trading Hours
7 days - Monday to Sunday 1130 am to 1200 pm
Lease
5 + 5 years lease commenced November 2023 - 4 months bond - 4% increases per year
Employees
Currently operated under semi-management structure with experienced staff in place.-Lunch shift 2 full-timers and 2 casual staff -Dinner shift 3 full-timers and 3 casual staff.
Comments
pFurther price negotiation may be possible if the buyer does not require the business name and recipes./p
Figures
Weekly Sales $46000
Rent (ex GST) $5900
Wages $12000
Profit $12500
Agent SBX Code Number: FN1362 - SBX Business Brokers
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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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$400,000 + 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!
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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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