Restaurant - Korean BBQ Cuisine - Nets $ 7,000 p.w - Inner West Sydney - FN1345
Restaurant - Korean BBQ Cuisine - Nets $ 7,000 p.w - Inner West Sydney - FN1345
Industry :
Food/HospitalitySub Industry :
RestaurantRestaurant - Korean Cuisine- BBQ - Inner West Sydney - Agent SBX Code Number: FN1345
pWell-established restaurant serving authentic pocha - style Korean cuisine, including BBQ marinated pork ribs, beef steak, hotpot, cheese & potato pancakes, spicy pork ribs stew, pork belly, Korean-style cutlets, fish cakes, stir-fried seafood, mussel soup, and popular Korean fried chicken with beer and bar snacks. The restaurant offers a vibrant dining experience with 30 indoor seats and 41 outdoor seats in a bright and sunny courtyard area. Fully equipped with a commercial kitchen, cool room, toilet, and ample storage, this restaurant is ready for smooth operation. Full liquor licence in place. Warm and friendly staff create a welcoming atmosphere./p
Potential
Excellent opportunity for a family-run or owner-operator business.- Add delivery or catering services to increase weekly sales.- While currently operating as a Korean BBQ Pocha-style restaurant, the premises are also suitable for other Asian restaurant concepts, such as Nepalian, Chinese, or fusion dining.- Perfect for an experienced Asian cuisine chef or operator seeking a ready-to-run business in a high-demand Inner West area.
Features
Prime location on a busy Inner West dining strip near train station.- Spacious 100 sq.m. modern fit-out with an attractive outdoor dining area.- Long-established business of over 20 years with a strong base of loyal regular customers.- Excellent reputation with outstanding social media reviews and consistent repeat patronage.- Full liquor licence, quality equipment, and established operating systems in place.
Premises
Asian restaurant with a modern fit out and an area of 100 sq. mts.
Location
Situated on a vibrant restaurant strip along a busy main road, only a short distance from a major Inner West train station, providing excellent visibility, high foot traffic, and easy access.
Trading Hours
7 days - Monday to Friday 1030 am to 1200 midnightSaturday / Sunday 300 pm. to 1200 midnight
Lease
4 + 4 year lease commenced April 2023 - 5 months bond - Rent increases 5% per year.
Employees
1 owner + 2 full-timers + 2 casuals
Comments
pBeautifully presented Korean BBQ & Pocha-style restaurant with full liquor licence and strong weekly sales./ppVendor will provide full training and recipes. Inspection highly recommended - contact your SBX Business Broker./p
Figures
Weekly Sales $22000
Rent (ex GST) $3000
Wages $5000
Profit $7000
Agent SBX Code Number: FN1345 - 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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$150,000 + 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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