Seize this rare opportunity to own a thriving restaurant in the heart of Darwin's premier dining and entertainment precinct. Bannsang Korean Restaurant, located at Tenancy B6, 7B Kitchener Drive, Darwin Waterfront, is a highly successful and well-established business offering a seamless walk-in, walk-out sale.
Key Features:
Prime Location: Situated in the bustling Darwin Waterfront, a major destination for locals and tourists, with high foot traffic and stunning waterfront views.
Established Business: Opened in January 2021, Bannsang has built a loyal customer base with its authentic Korean cuisine and unique dining concept based on the traditional "bansang" meal structure.
Turnkey Operation: Fully equipped with $250,000 worth of imported Korean furniture, high-pressure kitchen equipment, custom tableware, and stylish décor, all included in the sale.
Outstanding Financial Performance: Gross income of $1,253,907 (FY24), $1,455,279.63 (FY23), and $1,424,801.24 (FY22) reflects strong and consistent revenue.
Secure Lease: Lease secured until 22nd March 2026, with a 5-year renewal option until 2031, ensuring long-term business stability.
Affordable Rent: Initial annual rent of $130,380.00 (exclusive of GST), with January and February rent-free for cashflow relief during the wet season.
Liquor License: Licensed to operate from 11:00 am to 11:00 pm, 7 days a week, including public holidays such as Christmas Day, New Year's Day, and Good Friday.
Staffing Structure: Fully staffed with a team of skilled chefs and rotating casual employees, ensuring smooth operations.
Exceptional Growth Potential Continue Bannsang's legacy as Darwin's go-to Korean dining destination or introduce your own culinary vision to this premium location. With its unbeatable position and robust operational foundation, the restaurant offers immense potential for further growth and innovation.
About the Area: The Darwin Waterfront precinct is a vibrant hub of dining, leisure, and community events, attracting steady patronage year-round. Surrounded by attractions such as the Wave Lagoon, Convention Centre, and seasonal festivals, this location guarantees high visibility and foot traffic.
Don't miss this opportunity to own a successful restaurant in one of Darwin's most sought-after locations.
Contact today to arrange a confidential discussion and to receive a copy of the Information Memorandum
