Sydney CBD Korean Restaurant - Near new fit-out - Owner-chef opportunity - FN1383

Restaurant - Korean Cuisine - Sydney CBD - Agent SBX Code Number: FN1383

Recently refurbished Korean restaurant positioned in Sydney's busy dining precinct. The vendor advises that the premises underwent a complete renovation approx. three months ago, including a new fit-out, equipment and cool room. The menu features LA beef galbi, pork galbi, pork belly, spicy pork, Korean fried chicken, beef rib soup, budae-jjigae, bibimbap and noodle dishes . Offering dine-in, takeaway and delivery, the business provides an existing platform for a hands-on owner-chef to develop. Seating for 40 customers and space for up to 10 additional outdoor seats, a fully equipped commercial kitchen, cool room and storage. The vendor advises that the liquor licence permits trading until midnight, providing scope to develop evening food and beverage sales within applicable approvals.

Potential
Ideal opportunity for owner chef or couple -run business with manageable operation structure - Well suited for experienced hospitality operators or buyers looking to enter Sydneys growing Korean dining market. - Potential to introduce new menu items, Korean drinking culture concepts, or seasonal promotions to further grow sales

Features
Prime CBD location - Well established Korean restaurant with loyal customer base- Modern and welcoming interior atmosphere - All new setup and equipment- New cool room established

Premises
110sq.m with full kitchen and cool room

Location
Prime location in the heart of Sydney CBD with strong pedestrian traffic near Central Station and Chinatown

Trading Hours
7 days Monday to Sunday, 1130 a.m to 10 p.m

Lease
New 3 + 3 or 5 + 5 year lease is available, subject to landlord agreement. Proposed terms include annual increases of 4% and a three-month bond or bank guarantee, to be confirmed.

Employees
1 owner + 1 full-time employee + 2 casual staff

Comments
About $350,000 has been invested in the recent renovation and business sett-up, fit-out and equipment, the business presents an opportunity for a new owner to acquire a recently fitted restaurant for less than the reported setup cost. Particularly suited to a hands-on owner-chef looking to establish their own operation without undertaking a full fit-out from scratch. The current business reports weekly sales of approximately $13,000, with scope for an incoming operator to develop the menu and improve operating efficiency. All inspections must be arranged through the broker.

Figures
Weekly Sales $14000
Rent (ex GST) $3500
Wages $2500
Profit $3500

Agent SBX Code Number: FN1383 - SBX Business Brokers

For more details, please email broker or call agents.