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    [Instant Income], High Profit Korean Restaurant

    • Asking Price
      HK$1.38M
    • Code
      FKORKLD001
    • Whatsapp
    • Business Information
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    Description

    It’s challenging to operate a restaurant in Yau Tsim Mong District where the catering industry is highly competitive. This restaurant has been running for over 10 years with an energetic atmosphere and high-quality food. You can tell by how much effort the team has put in by the décor of the eatery its menu and food presentation. A healthy number of regulars and good location ensured stable income.

     

    Competitive Advantages:

    • Located in the downtown area of Yau Tsim Mong District with high foot traffic
    • Sells high quality food at reasonable price attracting large number of customers
    • Established reputation, many returning customers
    • Good synergy among the team, the chef has over 10 years’ experience

    Development Potential:

    • Well-equipped restaurant’s hardware
    • Operating model can be replicated for expansion

    Potential Risks:

    • Highly competitive district for food industry

    Things to note:

    The owner prefers to keep existing staff in the res

    Business Information
    • Code
      FKORKLD001
    • Asking Price
      1.38M
    • Avg Annual Turnover
      6.6M
    • Avg Annual Profit
      1M
    • Payback Period
      1.38 Yrs
    Rent
    • Shop Area
      1,500 sqft
    • Rent
      HK$70,000
    Equipment & License

    General Restaurant Licence
    Liquor Licence
    Three-Phase Power
    Gas
    Fridge

    Categories
    • F&B
    Sub Category
    • Korean
    Region
    • Kowloon

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