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.
