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Food, Beverage & Hospitality business for sale in Glebe

  • Food, Beverage & Hospitality
  • Glebe NSW 2037
  • $50,000 (GST na)

Asian Restaurant in City Fringe\ Glebe NSW \ Selling For $50K

Summary
-- Takeaway Restaurant - Asian Cuisine - City Fringe - Glebe NSW -- Very Suitable for family business, saving a lot on setting up new business.

Revenue
$10,000 pw

Rent
$1,520 pw

Expenses
$7,194 pw

Net Profit
$2,806 pw

Location Details
Great location with heavy foottraffic, and very near the shopping and food street in an affluent area in the city fringe

Located on the main road of a desirable area close to UTS and USYD.

Potential
-- Huge potential due to the significant and on going residential growth in this popular area

-- Expand catering

-- Do some marketing and advertising -

-- Potential for an owner operator to further increase sales and profit

Hours
6 days - Wed. - Mon. - 11 a.m. - 9.30 p.m.

Lease

Jan 2019 - Jan 2022+ 3 year option. + 3 % increases - 3 months bond

Employees
1 owner +. 1 fulltimer + 1 casuals

Reason for Sale
Retired

About the Business
General Information

-- Takeaway Restaurant - Asian Cuisine - City Fringe - Glebe NSW

-- Now selling cantonese style Asian and Chinese hot food - varieties of hot food

-- Full Commercial kitchen with 5 wok stoves, 1 Bunner, 4 cool refrigerator and 2 Large freezer, Dishwasher, Juice Bar

-- Large seating area inside

-- Very Suitable for family business, saving a lot on setting up new business.

Location Details

Great location with heavy foottraffic, and very near the shopping and food street in an affluent area in the city fringe

Located on the main road of a desirable area close to UTS and USYD.

Potential

-- Huge potential due to the significant and on going residential growth in this popular area

-- Expand catering

-- Do some marketing and advertising -

-- Potential for an owner operator to further increase sales and profit

Premises
Well presented restaurant with an area 100 SQM.

Hours

6 days - Wed. - Mon. - 11 a.m. - 9.30 p.m.

Lease

Jan 2019 - Jan 2022+ 3 year option. + 3 % increases - 3 months bond

Employees

1 owner +. 1 fulltimer + 1 casuals

Asian Restaurant in City Fringe\ Glebe NSW \ Selling For $50K
$50,000.00Price

BUSINESS INFO
Figure Display Type Regular
Weekly Takings $10,000
Cost of Goods $3,000
Gross Profit $7,000
Rent $1,520
Outgoings $308
Wages $2,200
Telephone $20
Insurance $30
Electricity $162
Gas $116

Total Expenses $4,194
Nett Profit $2,806

Price
$1250,000

Estimated Stock (additional)
$0

Business Highlights

Business ID2015792945
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Last updated  21 Oct 2019
Map for Glebe NSW 2037
Map for Glebe NSW 2037Glebe NSW 2037
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