ID: W1659

Restaurant - Korean Cuisine - Inner West

Inner West,
NSW, Australia
Price: $145,000
Restaurant - Korean Cuisine
  • Takings (p/w): $15,000
  • Rent: $1,685
  • Net Profit: $4,538

Restaurant serving a variety of delicious fusion style Korean cuisine and drinks. - Top class kitchen equipment including cold noodle machine all imported from Korea - 54 seats inside

Potential

Experienced new couple could save on wages. - Add more to menu. - Promote and deliver to surrounding apartments and residential area.

Features

Newly renovated 3 months ago. - Very attractive shop fit out. - Best location.

Premises

This business has an area of 100 sq.mts.

Location

Situated in shopping centre foodcourt in Inner West.

Hours

7 days - Mon. - Sun. - 10:00 a.m. - 9:00 p.m.

Lease

Current lease expires May 2023 - 3 months bond - 4% rent increases per year

SaleReason

Private reasons

Employees

1 owner ( management ) + 3 full timers + 2 part timers

Comments

Beautiful shop fittings with high quality wooden wall and attractive interior. - Furniture and kitchen equipment very high standard quality. - Menu was changed 3 months ago from dumplings to Korean dishes and the sales are now growing. - motivate vendor must inspection.

Additional Information

Cost of Goods: NA
Gross Profit: NA
Rent: $1,685
Outgoings: $346
Wages: $4,200
Insurance: NA
Electricity: $154
Gas: $77
Miscellaneous 1: NA
Miscellaneous 2: NA
Total Expenses: NA
Net Profit: NA
Estimated Stock: NA
Equipment: NA
More Business

Enquiry

Confidentiality Agreement for the Business Between GBE (Global Business Exchange) and * (Interested Party) this must be an individual’s name, NOT a company name

In consideration of Global Business Exchange (being any or all of -, Redfin Partners Pty Ltd entering into discussions relating to the possible acquisition of the assets of any business(es) presented to me by Global Business Exchange and specifically the Listing currently being enquired. I/We hereby agree and undertake as follows:

To treat as totally confidential the identity of the business (es) disclosed to me and any details as to its operation or financial accounts;

Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor whoshall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by Global Business Exchange;

Not to make an approach to the Vendor of any business disclosed to me by Global Business Exchange, or the business’ staff, customers or suppliers without prior arrangement with Global Business Exchange and to refer all queries through Global Business Exchange;

We acknowledge that Global Business Exchange is the introducing agent, and that all offers and deposits for the business, shares or property will be conducted through that office.

If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to -, Redfin Partners Pty Ltd as the case may be;

If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify Global Business Exchange against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach.

That all information is received for no other purpose than the evaluation of the investment potential of the business;

If I decide not to proceed with the investment, I agree to immediately return to Global Business Exchange all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);

Acceptance by Electronic Mail: Execution of this Agreement and transmission between the parties by electronic signature and email response each to the other or their representative will constitute offer and acceptance and satisfy the requirements of Section 5 of the Electronic Transactions Act 2002.

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