Business for Sale - Korean Chicken Restaurant - Ashfield
Asking Price: $290,000 + SAV
Weekly Sales: $20,000
Lease Term: 7 years commenced September 2024
Main Features:
1. Prime location on the main road within the outdoor dining precinct of a
local shopping centre, conveniently located near the train station with high
foot traffic. Although situated within the shopping centre, the rent is
reasonable.
2. A cozy restaurant approximately 60m² in size with 20 indoor seats. It has
a full kitchen and a liquor license and is currently operating successfully.
3. Specialising in Korean fried chicken and a variety of Korean dishes/snacks.
A high volume of takeaway and delivery sales allows for efficient operation
with a small team, resulting in high sales and profits, making it a stable
business.
4. Recently renovated with a new 7-year long-term lease commenced,
allowing for immediate operation without any additional work. Considering
the high costs of recent renovations due to increased material prices and
the high profitability, the asking price is reasonable.
5. Ashfield, with a population of 23,000 residents, predominantly Chinese
and Caucasian, is a significant market with an average household income
slightly higher than the NSW average.
6. The current owners are selling the business to open another store.
Please feel free to contact us anytime if you are interested.
