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      Restaurant business for sale in Sydney

      • Restaurant
      • Sydney NSW 2000
      • $1300000

      FS1096 - Business For Sale - Restaurant Profitable

      Restaurant - Chinese Seafood Cuisine - Under Management. - Inner West
      SBX Business Code: FS1096
      Restaurant serving seafood and Chinese cuisine including yum cha at lunch & seafood mains, desserts etc.for dinner.- Full sized commercial kitchen with walk in cool room .-Seafood tank.- Excellent designed dining area is perfect for family, corporate or private events.- 260 seats. - Licenced

      Potential
      Promote more weddings & private functions.-Could do more promotion to increase even higher sales.

      Features
      Well established - High sales turnover weekly.- New lease -Excellent fit out.

      Premises
      Large premises with an area of 600 sq. mts.

      Location
      Situated in very busy shopping strip in Sydney Inner West close to train station.

      Trading Hours
      7 days - Mon. - Sun. - 1000 a.m.- 300 p.m. - 500 p.m.- 1000 p.m.

      Lease
      New 3 + 3 year lease is available to approved buyer.- 5% C.P.I. rent increases.- 3 month bond.

      Employees
      One Manager + 13 fulltimers + 27 casuals.

      Comments
      Please do not approach the vendors or staff without liasing with the broker first. - Buyers must sign a two page confidentiality agreement before being given address-. Vendor has renovated the shop a year ago with a cost over 300k- -Eligible for employer sponsorship visas.- Misc.- 1 - Workers comp, GST etc.- Trial on weekly $115,000 with 5% variance after contract exchanged.
      Figures
      Weekly Sales $115000
      Rent (ex GST) $3846
      Wages $42000
      Profit $15658

      SBX Business Code: FS1096

      SBX Business Brokers - Sydney Business Exchange

      Business Highlights

      Business ID

      2014490230

      Last updated

      08 Jul 2018

      Category

      Restaurant, Food, Beverage & Hospitality

      Map for Sydney NSW 2000

      Suite 1, Level 2, 2 - 4 Pacific Highway St Leonards NSW 2065

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