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Restaurant business for sale in Sydney

  • Restaurant
  • Sydney NSW 2000
  • $420,000 (GST na)

M2092 - Business For Sale - Restaurant Popular Chinese restaurant.- Low rent.- High margins.- Net $7320 p.w.

Restaurant - Chinese Cuisine - Inner West
SBX Business Code: M2092
Restaurant serving Chinese cuisine with East-Northern district style dishes including varieties of wok dishes, noodles and dumplings etc. - The takings include home delivery through internet orders. - Full commercial kitchen with cool room and store room. - 45 seats inside and 20 seats outside.

Potential
The young owner only manages the business part time and pays high wages to the chef and staff. - A full time motivated and experienced operator could save big wages and increase sales and profit - Could change to different cuisine.

Features
Good location in large developing area. - Attractive shop fitout and menu. - High margins. - Low rent with long lease. - Young business has great potential to keep growing.

Premises
Brand new and unique style fitting shop with an area of approx 130 m2 plus 40 m2 outside seating area and 2 parking spaces.

Location
Under high rise apartment building in Inner West high density residential area with lots of new apartments close to river bank.

Trading Hours
7 days - 10 a.m.- 330 p.m. + 5 p.m.- 930 p.m.

Lease
5 + 5 years lease commenced Oct. 2018. - 3% increases. - 3 months bond.

Employees
One part-timer owner + 8-10 staff

Comments
Outgoings include building strata, council and water rates. - Misc.- 1- Refers to shop maintenance, rubbish and bank fees. - Large developing suburb with around 1500 more high rise apartments being built nearby which will bring more customers and the business takings should reach $30000 p.w, in future. - An excellent investment opportunity. - A must to inspect - . Please do not speak to any staff when visiting the business.
Figures
Weekly Sales $22000
Rent (ex GST) $1060
Wages $7000
Profit $7320

SBX Business Code: M2092

SBX Business Brokers - Sydney Business Exchange

Business Highlights

Business ID2015930318
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Category
Last updated  3 Dec 2019
Map for Sydney NSW 2000
Map for Sydney NSW 2000Sydney NSW 2000
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