Brochures

$99,000

Long Established, Popular & Profitable Korean Famous Chicken Legend Takeaway in a Shopping Hub of Brisbane's Bustling Suburb

Short Summary

Prominent, long established & profitable Korean Eatery/Takeaway offering best Korean chicken and irresistible symphony of spicy, creamy Topokki.

Key Selling Points

Low Overheads
Cashflow Positive
Strong year to year Profits
High Profit Margins
Simplistic business
No Direct Competition
80% Repeat Work
Best Location
High foot traffic location
High visibility location

This business was established in 2013 with close to 12 years of profitable and successful operation cultivating a renowned brand for its authentic Korean fried chicken, delicious TOPOKKI, BIBIMBAP, SILKEN Tofu Pot, Korean Pancake, noodles and rice menus.

It is the “Must Visit” destination for the foodies who either stopover for a quick snack or a full meal, love and expect deliciously marinated, moist on the inside and crunchy on the outside pieces of chicken served with their choice of unique Korean flavours that truly represents the culture.

The business is operated by its owners supported by a team of reliable and experienced staff offering delicious food and great service. The business is located in one of the prime shopping hub of Brisbane’s most bustling suburb. The shop is nested in a very popular shopping & dinning centre with extremely high foot traffic and ample of parking.

Given with its high visibility location, the rent is reasonably at $1,900/week (including O/G & GST plus an external storage room) supported by a lease till 2027 and an easy going landlord. This business is the landmark of the shopping hub so the landlord loves its presence and continuance.

Weekly averaged taking of $13,000 with net profit of $3,000+ per week and annual netting of $150,000 after the wages of two owners operators of $90,000 pa.

It is a perfect business for Visa 188A applicants or motivated operators or partners who have strong drive for profit with ambition to take this business to the next level. Owners have been enjoying the remunerative returns from this business for years and are unwillingly to offload but only due to health issue.

Owners are committed to disclose all the proprietary recipes with training to the new owner with an aim to offer a hassle-free handover and transition.

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

Asking $99,000

Ref. no. BUY2429

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!

Long Established, Popular & Profitable Korean Famous Chicken Legend Takeaway in a Shopping Hub of Brisbane's Bustling Suburb

Confidentiality Agreement

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Property Features