This well-established Asian restaurant has been a local favourite since 2017, offering an authentic dining experience with traditional flavors and premium-quality ingredients. What sets this business apart is its unique approach to Korean cuisine, integrating herbal medicine principles into its dishes, thanks to the owner's 30 years of experience as a herbal doctor. Known for its signature hot pots, sizzling meats, and comforting rice dishes, this restaurant has built a loyal customer base that keeps coming back. With a strong financial track record, recent renovations, and exciting growth opportunities through delivery services and franchising, this business is primed for expansion under new ownership.
Key Highlights
Proven Profitability: $575K revenue and $162K net profit in FY2024, with cost-effective strategies keeping rent low.
Prime Location: High-traffic shopping village with ample parking, situated next to major supermarkets.
Renovated & Well-Equipped: $30K invested in modernising the space-ready for a new owner with no further upgrades needed.
Turnkey Operation: Fully equipped kitchen, paid-off assets, trained staff, and a 5-star food safety rating for a smooth transition.
Loyal Customer Base: A strong following of locals and food lovers drawn to its authentic flavors and unique offerings.
Growth Potential: Expand into catering, delivery services, or franchise the brand to scale operations.
Financial Summary
Revenue (FY2024): $575,929
Adjusted Net Profit (FY2024): $162,689
Rent: $3,761 (+GST) per month
Total Rent & Outgoings: $5,852 (+GST) per month
Stock at Value (SAV): Approx. $3,000
Asking Price: $389,000 + SAV
This is a fantastic opportunity to acquire a profitable, well-established Korean eatery with strong foundations and exciting potential for growth. The current owners are transitioning to semi-retirement and will provide training to ensure a seamless handover.
Serious Buyers Only
All enquiries require a signed Non-Disclosure Agreement (NDA) before further information is shared.
Business details are strictly confidential and will only be disclosed to serious buyers.
Enquire today!
Sunset Business Brokers
[Phone Number Censored]
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