Korean BBQ cuisine - North West Sydney- Profit $5,000 p.w. - FN1305
Korean BBQ cuisine - North West Sydney- Profit $5,000 p.w. - FN1305
Industry :
Food/HospitalitySub Industry :
RestaurantRestaurant - Korean BBQ Cuisine - North West Sydney - Agent SBX Code Number: FN1305
pRestaurant serving Korean BBQ which features tabletop charcoal BBQ grills at each table, offering high-quality meats and side dishes. Customers can choose from seasonal raw or marinated beef ribs, pork ribs, chicken, scallops, and vegetables for grilling. The menu also includes a variety of Korean fried chicken, stir-fried seafood, mussel soup, fish cakes, and Korean-style bar snacks. The venue accommodates 48 indoor seats and 40 outdoor seats in a backyard courtyard. It holds a full liquor license and is equipped with a full kitchen, cool room, and storage./p
Potential
Ideal for a family-run business or a motivated owner-operator- Opportunities to expand through delivery services to surrounding apartments and residential areas.- Suitable for all types of restaurant operations with an existing DA approval until 2 a.m..
Features
Specialised Korean BBQ restaurant -Spacious and well-designed fit-out - Beautiful courtyard with 40 outdoor seats - Stable and growing business with strong customer demand
Premises
Situated on a 216 sq. mt. area and consists of a two-story building with a covered outdoor seating area, storage, cool room, function room, four restrooms, and a full kitchen.
Location
Situated in a busy shopping strip in North West Sydney, near a train station, and surrounded by shops, restaurants, and commercial buildings.
Trading Hours
6 days - 11 a.m to 9 p.m. -Tuesday closed.
Lease
5 + 5 year lease until October 2026 with a new lease available - 3% increases - 3-month bond required
Employees
2 owners + 1 full timer + 1 casual for daytime and 2 casuals for dinner
Comments
pUrgent Sale. Great potential for a motivated couple or family business- Staff are not aware of sale. Inspections only through your SBX broker.- Misc.- 1.- GST and other expense/p
Figures
Weekly Sales $16000
Rent (ex GST) $2700
Wages $2000
Profit $5000
Agent SBX Code Number: FN1305 - 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.
View other listings by this business
$70,000 + SAV
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Buying Advice :
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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