FQ1088F - Business For Sale - Restaurant Well established

Restaurant - Chinese Cuisine - Malaysian Cuisine - South Sydney
SBX Business Code: FQ1088F
Restaurant serving Chinese cuisine including yum cha, omelettes, mains, stirr frys, seafood dishes, bean curds, desserts, as well as Malaysian delights such as satay sticks, beef rendang, curry laksa etc. - Spacious dining area is perfect for family, corporate or private events. - Full kitchen. - 120 seats inside. - Full liquor licence. - Sizeable takeaway and delivery business.

Potential
Could apply for liquor licence and increase turnover with alcohol sales- Extend trading hours. - Trade on Mondays. - Register with online portals such as Menulog and Delivery Hero.- Extend home-delivery to Sutherland area - Increase advertising. - Cater for events and functions

Features
No competition within centre - Regular clientele - Established over 25 years.Consistent turnover - Large area. - Popular website.

Premises
Spacious premises with an area of over 200 sq.mts.

Location
Situated in a busy shopping centre in Sydney South.

Trading Hours
6 days - Tues. - Sat. - 1200 p.m. - 200 p.m. - 500 p.m. - 900 p.m. - Sun. - 500 p.m.- 900 p.m. - Closed Monday.

Lease
Current lease commenced Sept. 2016 - Expires Sept. 2021 - 5% annual increases - 3 months bond.

Employees
1 owner +3 fulltimers + 6 casuals

Comments
Misc. -1 refers to Eftpos merchant facility fees. - Misc. 2 - refers to gst tax payments - Regretful sale due to ill health.
Figures
Weekly Sales $16000
Rent (ex GST) $1930
Wages $5000
Profit $2815

SBX Business Code: FQ1088F

SBX Business Brokers - Sydney Business Exchange