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Restaurant business for sale in Sydney

  • Restaurant
  • Sydney NSW 2000
  • $450000

W1597 - Business For Sale - Restaurant Good location

Restaurant - Chicken - Korean Franchise - Sydney CBD
SBX Business Code: W1597
Restaurant serving a new variety of Korean fried chicken with tasty recipes and meals including tender long chicken, creamy onion chicken, snow cheese chicken, signature fried chicken, sweet and spicy chicken, spring onion chicken and hot fried chicken - Also serves a Korean menu of over 25 dishes including Wagyu bulgogi, braised beef short rib, stir fry pork etc. - live music system on Friday - 120 seats - Licenced serving beer and wine.

Potential
Suit two family business - owner operation could save on wages - promotion to Chinese and Asian society media could have more young customers

Features
Best location. - Spacious and excellent shop fitout.

Premises
This business has an area of 280 sq.mts.

Location
Situated on busy main road in heart of Sydney C.B.D.

Trading Hours
6 days - Mon. - Thurs. - 1130 a.m. - 1200 p.m.-Fri. - Sat. - 1100 a.m.- 0100 a.m.

Lease
Current lease expires 20 / 9 / 2020 + 4 years option -3 months bond - 3% rental increases per year

Employees
Fully under management - 4 fulltimers + 6 parttimers

Comments
All furniture and equipment are of high quality. - Could change to Bar or Karaoke.- There are two separate private guest rooms - Room 1 ( 20 seats) - Room 2 (14 seats) - Full training available - 5 other locations in Sydney - All stores are successful - No franchise fees - Head office supplies fried chicken premium ingredients which is imported from Korea.. Motivate vendor - staff are not aware of sale - please be discreet - A must inspection.
Figures
Weekly Sales $27380
Rent (ex GST) $4555
Wages $6495
Profit $7000

SBX Business Code: W1597

SBX Business Brokers - Sydney Business Exchange

Business Highlights

Business ID

2014020142

Last updated

05 Jan 2019

Category

Restaurant, Food, Beverage & Hospitality

Map for Sydney NSW 2000

Suite 1, Level 2, 2 - 4 Pacific Highway St Leonards NSW 2065

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