Listing status: Inactive
Reason: --
Restaurant - Korean BBQ - Korean BBQ Restaurant - Very well known - Netting $10,980 p.w. - W1860
Restaurant - Korean BBQ - Korean BBQ Restaurant - Very well known - Netting $10,980 p.w. - W1860
Industry :
Food/HospitalitySub Industry :
RestaurantRestaurant - Korean BBQ - North West Sydney - Agent SBX Code Number: W1860
Restaurant serving Korean BBQ with healthy fresh, seasoned ingredients such as meat, seafood grilled over a direct flame as well as the freshly made dishes of Korean cuisine. - Menu features great quality beef in abundance, serving perfectly marinated cuts of Wagyu ready to grill, BBQ pork and chicken, BBQ premium boneless short ribs, beef and mushroom hot pot, spicy seafood hot pot, Kimchi stew, hot stone bibimbap etc. - 92 seats inside, each table has personal BBQ grill installed - 24 seats outside - Liquor license until 1000 p.m.- Also serves various types of Korean rice wine and soju. - Cool room. For lunch and dinner, Korean BBQ is fired up over true charcoal grills. Each meal is intended to be savoured marrying traditional Korean cooking techniques with modern methods using local Australian produce.
Potential
Suit two owner operators and save on wages. Charcoal DA and Liquor license approved. Owner will provide full training and all staff can remain at shop after settlement.
Features
Prime location - Most of the customers are Chinese. Good reputation. Always busy. Fantastic opportunity to own an established successful business. Popular and well known for service and quality food.for over 12 years. .
Premises
This business has an area of 250 sq. mts.
Location
Situated on busy retail street in North West Sydney.
Trading Hours
7 days, Monday to Sunday 1100 am to 1100 pm.
Lease
5 + 5 year lease from 15/3/2023. - Bond 3 months - Rent increases by 3% per year.
Employees
1 owner ( management only) + 6 full timers +8 part timers.
Comments
Left side frontage of restaurant can open for takeaway ( side dishes, takeaway food etc.) - Council DA approved. - current owner uses as a liquor storage. - Not a franchise, Full training provided by vendor with full recipes for Korean meals. All equipment belongs to business, nothing leased. Owner wants to sell after 12 years in the restaurant business. Motivated vendor. A must inspection, Please do not contact staff or owner. Inspections through your SBX broker please. Urgent sale
Figures
Weekly Sales $42000
Rent (ex GST) $4246
Wages $12000
Profit $10980
Agent SBX Code Number: W1860 - 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
$380,000
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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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