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Restaurant business for sale in St George NSW

  • Restaurant
  • St George NSW
  • $180,000 (GST na)

Korean Restaurant for Sales- Southern Sydney

Business for Sale: Korean Food Restaurant

Location: Southern Sydney
Asking Price: $180,000 + Stock at Value (Negotiable)
Weekly Sales: $13,750 ($12,500 - $15,000)
Lease Term: 5 + 5 years, commenced June 2024

Main Features:

1. Prime Location:
-.Located in Southern Sydney, right next to a major train station, within a
large apartment complex's commercial area.
-.It's the main and almost only commercial area for this big apartment
complex.
-.Situated next to a well-known supermarket, catering to approximately
11,000 residents, 98% of whom live in apartments directly connected to
the commercial area.

2. Size and Operation:
-.74m² in size, with 28 indoor seats and 12 outdoor seats.
-.Currently offers a menu focused on Korean cuisine, BBQ, and chicken.
-.The chicken menu is particularly popular for delivery orders from the
surrounding apartments, allowing for efficient operation with lower labour
costs.

3. Growth Potential:
-.The current owner operates multiple businesses, limiting this restaurant's
hours to 4 evening hours on weekdays and lunch-dinner on weekends.
-.There's significant potential to increase revenue by resuming lunchtime
service and expanding outdoor seating on weekends.

4. Favorable Lease:
-.The weekly rent and outgoings are relatively low compared to the area's
commercial scale.
-.The lease was renewed in June of last year for 5 + 5 years, providing a
long remaining lease term.

5. Menu Flexibility:
-.The apartment complex is home to a young demographic, allowing for the
continuation of the current Korean, BBQ, and chicken menu.
-.Alternatively, it could be converted into a Tonkatsu (pork cutlet) specialty
restaurant or a Korean street food restaurant.

6. Stable and High-Potential Business:
-.Located in a strong commercial area with significant revenue potential and
stable operation.
-.Highly recommended for individuals passionate about running a business.

Please feel free to contact us if you are interested.

CENTURY 21 David Kim Real Estate
CENTURY 21 David Kim Real Estate
Level 3, 33-43 Rowe Street
Eastwood, NSW 2122

Business Highlights

Business ID2019867824
Floor Area74m²
Category
Last updated  18 Mar 2025
Map for St George NSW
Map for St George NSWSt George NSW
Inspections
Documents
CENTURY 21 David Kim Real Estate
CENTURY 21 David Kim Real Estate
Level 3, 33-43 Rowe Street
Eastwood, NSW 2122

Business Highlights

Business ID2019867824
Floor Area74m²
Category
Last updated  18 Mar 2025

Listed by

BK Lee
CENTURY 21 David Kim Real Estate
Call
0450360928

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