Brochures

$160,000

HIGH-PROFIT 6-DAY KOREAN RESTAURANT | $155K+ SDE | PRIME NORTHERN GOLD COAST LOCATION

Short Summary

Profitable Korean restaurant | 6 days only | $155K+ SDE | 17yrs established | simple operation with strong local following & growth potential.

Key Selling Points

Low Overheads

Low working capital requirements

Cashflow Positive

Strong year to year Growth

Low Rent

Long Term Lease in place

No Competition

80% Repeat Work

Best Location

High foot traffic location

High visibility location

Short working week

Warm handover offered

An exceptional opportunity to acquire a long-established Korean restaurant with a strong local following and consistent cashflow. Operating for approximately 17 years, this business has built a solid reputation within the community for authentic Korean cuisine and reliable quality. The current owner took over in September 2024, creating an excellent entry point for a new operator to take over a proven setup with immediate income.

The business is positioned within a busy suburban shopping precinct surrounded by dense residential catchment, ensuring steady foot traffic and repeat clientele. The compact and efficient layout of approximately 80 sqm allows for easy day-to-day management while maintaining strong output.

FINANCIAL SNAPSHOT
Weekly Sales averaging approximately $8,000 (ranging from $6,000 to $10,000)
Weekly Net Profit approximately $2,300
Annual Net Profit approximately $115,000
Plus Owner’s Wage approximately $40,000
True SDE exceeding $155,000 per annum

Lean cost structure with cost of goods at approximately 20% under an owner-operator model, and total weekly wages of approximately $1,600.

SIMPLE 6-DAY OPERATION
Trading only 6 days per week, offering an excellent work-life balance while still generating strong returns. Operating 50 weeks per year, this business is ideal for an owner-operator, couple, or experienced hospitality operator looking for a manageable and profitable setup.
The current structure is highly streamlined, making it easy to run while still offering scope for further optimisation and growth.

LEASE & SECURITY
Secure lease in place from July 2024 through to June 2031
Rent of $7,368 per month inclusive of GST, outgoings and water

KEY FEATURES
Well-established 17-year trading history
Strong and loyal local customer base
Consistent weekly revenue with proven profitability
Compact and efficient 80 sqm setup
Simple operation with low cost of goods
Only 6 trading days – rare lifestyle opportunity
Fully fitted and ready for immediate takeover

GROWTH OPPORTUNITIES
Significant upside available through extending trading days or hours, increasing online delivery presence, menu expansion, and targeted local marketing. A hands-on operator can further improve margins and scale revenue beyond current levels.

WHY THIS BUSINESS
This is a rare opportunity to acquire a profitable, easy-to-manage restaurant with strong foundations already in place. It offers immediate income from day one, combined with flexibility and clear pathways for growth.

Opportunities with this level of profitability, simplicity, and 5-day lifestyle are rarely available in the current market.

ENQUIRE NOW – serious buyers only.

Contact Henry Chow 0421 040 857 | Amy Wan 0498 229 813

Asking $160,000

Ref. no. BUY2632

DISCLAIMER:
The information contained in this advertisement and any other material provided in connection with the sale of this business has been supplied by the seller and other sources deemed reliable. While every care has been taken to verify the accuracy of the information, Business Classifieds Pty Ltd ATF Business Classifieds Trust and its agents make no representations or warranties (express or implied) as to the accuracy, completeness, or currency of the information provided.

Prospective purchasers must make their own independent enquiries, investigations, and assessments and should seek professional advice from their accountant, solicitor, and/or other relevant advisors.

No reliance should be placed on any statement, forecast, or representation as to future matters, including profitability, performance, or growth potential, which are inherently subject to business, market, and economic risks.

Business Classifieds Pty Ltd ATF Business Classifieds Trust and its representatives do not accept liability for any loss, cost, or damage arising directly or indirectly from any decision made based on the information provided.

This advertisement and any other material provided in connection with the sale of this business does not constitute legal, financial, or business advice and is not a substitute for a full due diligence investigation. The sale of this business is subject to contract and the final approval of the seller.

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Property Features

Henry Chow

0421 040 857

Fluent English, Cantonese, Mandarin. Henry was the sole founder of CarrierNet Corporation which was merged into the Ariane Group in 2006 and listed on the Singapore Exchange. The Company was renamed as CarrietNet Global Limited in 2008. Henry has completed transactions in many countries including Australia, China, Hong Kong, Taiwan, Japan, USA, Indonesia, Philippines, Korea, Pakistan, Zambia, Nigeria, South Africa, India, Nepal, Laos, Cambodia, Vietnam, Dubai, Kyrgyzstan, Kazakhstan, Singapore and Thailand. The aggregate transaction size of all the deals that Henry has worked on exceeds US$100 million. Henry has built strong relationships with a large number of relevant business people and organizations in many Asian countries. He has also developed an intimate understanding of how business is conducted in these countries. From 2001 to 2010, he was then Chief Executive Director of CarrierNet where he led the products, sales, business development and commercial operations of the business. Through a successful merger and acquisition transaction, CarrierNet was renamed as CarrierNet Global Limited, listed on the CATALST board of the Singapore Stock Exchange in February 2008. Henry was appointed as the Chief Executive Officer and Executive Director of CarrierNet Global Limited where he was primarily responsible for driving the Group’s vision, growth and profitability, and held a key role in executing the business plan, driving sales performance and building strategic alliances. From 2011 onwards, Henry acts as the Chairman and Executive Director of Cacola International Furniture Limited which is a Singaporean Main Board listed company and he was responsible for charting and implementing new business strategies and setting an innovative direction for the future of the Group. Henry has years of experience in capital markets, finance and information technology industries through his works at ANZ Bank, National Australia Bank, Hong Kong Telecom, Sterling Commerce, South China Group, Indonesian based PT. Atlasat Solusindo Group, CarrierNet Corporation Limited, Primax Investment and Capital Limited. Henry was one of the founding directors of the Indonesian PT. Atlasat Solusindo Group and he founded Hong Kong based CarrierNet Corp. Limited in 2001, a licensed telecom and IP based carrier offering discounted niche routes to global markets. Henry graduated from the University of Minnesota with a Bachelor of Computer Science degree. Henry is heads and shoulders above the rest when it comes to selling within the Asian community both locally and abroad!

HIGH-PROFIT 6-DAY KOREAN RESTAURANT | $155K+ SDE | PRIME NORTHERN GOLD COAST LOCATION

Confidentiality Agreement

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Property Features