LINK Business Brokers Australia

About this Business for sale in Sydney

If you are a hospitality investor seeking a sophisticated and differentiated concept – then look no further!

  • 64 Inside Seats / 70+ Outside Seats (Total 135 max.)
  • Iconic Site
  • Fully Licensed
  • Run Under Management
  • $35K-$40K Takings Per Week (Pre-Covid) coming from dinner trading on weekdays and full trading from weekends (closed on Mondays)
  • 15 year lease (5 x 3-Year Terms, Commencing Feb 2021)
  • 4.6/5 Star Rating on Google
  • 12 Staff
  • Profit: Approx. $400,000.00
  • Sales: Approx. $1,800,000.00
  • Charcoal BBQ DA
  • Retractable Awnings for Outside Terrace
  • Cool room and other Storage

A truly unique fine-dining restaurant in a prestigious and highly-coveted upmarket suburb, mere minutes south of Sydney’s CBD, serving fine-dining Korean cuisine.

This is most certainly not your run-of-the-mill Korean hospitality establishment: the owners purpose-built this business to cater to a refined upscale clientele with a large degree of disposable income.

Situated in a prime commercial position, no expense was spared in furnishing this business. This is anchored to a generous lease of 15 years (5 x 3-year terms, commencing 02/2021).

The business has already built up quite the reputation! This is evidenced by the myriad of positive online reviews  – holding a 4.6/5 star rating on Google, 5/5 star rating on Facebook and 4.5/5 Star rating on TripAdvisor. Furthermore, the business has been featured in esteemed Hospitality publications such as Good Food and Concrete Playground, with rave reviews on both.

The spacious seating area can accommodate up to 135 patrons (64 inside and 70+ outside) – and it is matched by an equally spacious kitchen and storage area allowing for comfortable operations. It is presently run under management, with a total of 12 staff members.

This is an ideal opportunity for a savvy hospitality entrepreneur that wishes to take on a unique and popular restaurant in a desirable location, while inheriting a loyal following.

Investors are urged not to delay contacting our team for further details!

Listing ID: NSW10060
Broker: Paul Helliwell
Phone: + 61 2 9899 1999 / 0419 015 046
Email: paul.helliwell@linkbusiness.com.au

To complete an online confidentiality agreement, visit this business and enquire now at: https://linkbusiness.com.au/businesses-for-sale/ca/NSW10060

THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF

Keywords: Asian, Food, Hospitality, Restaurant

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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.

Listing: #NSW10060
Price: $1,050,000
Profit*: $400,000
Sales Revenue: $1,800,000
Sydney City, Sydney
Food/Hospitality, Restaurant
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.

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