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Restaurant business for sale in Sydney

  • Restaurant
  • Sydney NSW 2000
  • $220,000 (GST na)

M2060 - Business For Sale - Restaurant Potential plus

Chinese Cuisine - Restaurant - Takeaway - Under Management - South Sydney
SBX Business Code: M2060
Restaurant serving Chinese cuisine and specialising in serving handmade dumplings- with flavor of pork, beef, chicken, lamb, seafood and vegetarian etc, - Also sells wonton soup, chilly noodles, jelly fish and spicy beef dishes. - Full commercial kitchen with cool room and walk in freezer. - 40 seats inside.

Potential
This young business has great potential to grow. - Could add more products. - Extend home delivery through internet ordering website. - ideal family business. - Suit owner operator to reduce wages and boost sales.

Features
Perfect location. - Low rent for the shop size. - Very low food cost. - High margins. - Under management.

Premises
Newly renovated shop with an area of approx. 120 m2 plus approx. 150 m2 warehouse area at back which has not been used yet.

Location
Prime street front location in very busy shopping street of South Sydney.

Trading Hours
7 days - 11 a.m.- 930 p.m.

Lease
3 + 3 year lease commenced Dec. 2018. - 3% increases. - 3 months bond.

Employees
Under management - 3 staff + 1 casual

Comments
The profit shown is based on one owner working in the business and the Managers wage of $1250 has been removed and added to nett profit. - The large warehouse at the back opposite the council parking area can be set up as an Asian supermarket or fruit market if desired with one shop paying same rent for two businesses. - Great opportunity. - A must to inspect.
Figures
Weekly Sales $10000
Rent (ex GST) $1528
Wages $3475
Profit $2765

SBX Business Code: M2060

SBX Business Brokers - Sydney Business Exchange

Business Highlights

Business ID2015152849
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ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  9 May 2019
Map for Sydney NSW 2000Sydney NSW 2000
SBX Business Brokers
Suite 1, Level 2, 2 - 4 Pacific Highway St Leonards NSW 2065

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