"KOREAN #1 RESTAURANT"
Location: STRATHFIELD
ASKING PRICE: $800,000 + STOCK

This Korean BBQ restaurant is one of the popular restaurants in Strathfield. 

The establishment has two floors, each with a fully functional kitchen, cool room, and freezer, It is also suitable for hosting special events such as functions or birthday parties, as both floors are licensed for alcoholic beverages. 

The owner consistently upgrades equipment to ensure the restaurant is very well-maintained and functionally structured, making it easy to operate with minimal staff.

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Business Profile...

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- AVERAGE Weekly Sales: $55,000 approx. (** sale only for dinner)

- Weekly COGS: 25% approx.

- Weekly Rent (inc. GST): $5,115.89 (Monthly rent: $22,168.87)

- Lease Term: 1st option 5 yrs (01/12/2022 to 30/09/2027) + 2nd option 5 yrs

- Annually Increase: 4%

- Weekly Wages: 25% approx. (including the owner)

- Weekly expenses/outgoing: $1,600 approx. (electricity, gas, water, etc.)

- Trading Hrs: 7 days 4 pm - 12 am

- Store Size: 350qm approx. (internal 250sqm approx.)

- 2 x cool room, 2 x freezer

- Electric and hoods will be upgraded soon (confirmed)

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** The restaurant is currently not offering delivery services.

It can be a great chance to increase sales if the new owner decides to implement a delivery service. **

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ENQUIRY:

PAUL HWANG: 0405 449 813 / paul@vippg.com.au

CAROL JEON: 0405 189 338 / carol@vippg.com.au