Restaurant - Korean Cuisine - Korean Chicken - Inner West - Netting over $8,000 p.w. - Under full management. - W1877
Restaurant - Korean Cuisine - Korean Chicken - Inner West - Netting over $8,000 p.w. - Under full management. - W1877
Industry :
Food/HospitalitySub Industry :
RestaurantRestaurant - Korean Cuisine - Inner West - Agent SBX Code Number: W1877
Restaurant serving a wide menu with Korean fried chicken, stews, pancakes and favourites such as LA short ribs, sweet and spicy chicken, marinated beef, cold noodle broth, cold buck wheat, chicken gizzard, noodles, fried snow chicken, sweet chilly chicken, Honey garlic chicken, crispy chicken etc.- 44 seats inside - cool room - Liquor license until 1100 p.m.
Potential
Experienced couple could save on wages.Suit family business. Thousands of new residents will move to this area opposite the shop into new high rise -no Korean Fried Chicken nearby. Can put more tables and chairs into the shop.
Features
Spacious and neat established Korean Restaurant - A good size restaurant with spacious full commercial kitchen with cool room and freezer room
Premises
This business has an area of 140 sq.mts.
Location
Situated close to train station with high pedestrian traffic from the station and surrounded by retail and restaurants in the Inner West.
Trading Hours
6 days - Monday to Saturday 1100 am to 900 pm.
Lease
New 5 + 5 or 3 + 3 year lease available as shop owner is landlord - Rent increases 4% per year - 3 months bond.
Employees
Under full management - 2 full timers + 3 part timers
Comments
Misc.-1- POS machine leased $30/week. Owner has computer engineer job offer and wishes to sell as soon as possible. Owner will provide how to make chicken powder and chicken sauces with plenty of training. Quick sale needed. Motivated vendor - a must inspection. Staff are not aware. Inspections only through your SBX broker.
Figures
Weekly Sales $23500
Rent (ex GST) $1500
Wages $6000
Profit $8215
Agent SBX Code Number: W1877 - 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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$229,000 + 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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