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Restaurant business for sale in Sydney

  • Restaurant
  • Sydney NSW 2000
  • $300,000 (GST na)

SM1479 - Business For Sale - Restaurant Restaurants - Two businesses in one - Busy tourist area - Takings $26,000 p.w.

Restaurant - Malaysian & Korean Cuisine - Sydney CBD
SBX Business Code: SM1479
Restaurants - 2 businesses in one line with liquor licence. - Malaysian cuisine plus Korean BBQ with Asian BBQ hot pot - Both located in the same shop and use the same kitchen but serve two different food types. - They also serve Chinese, Japanese and Korean style BBQ and hot pot food with wagyu, beef, pork, lamb, chicken and seafood. - 120 seats.

Potential
Would suit owner operators - Do more promotion and do more delivery.

Features
Full commercial kitchen - Walk-in coolroom and walk-in freezer.

Premises
Near new state of art fit out with an area of 250 sq.mts.

Location
Situated in one of Sydneys busiest tourist locations.

Trading Hours
7 days - Mon. - Sun.- 11.00 a.m. - 11.00 p.m.

Lease
7 years lease commenced Oct.2017. - 5% annual increases. - 3 months bank guarantee.

Employees
Owner (admin only) + 4 full timers + 5 casuals.

Comments
Misc.- 1 - store room rent. - The business normal rent is $4,600 p.w. but from March,2020 is a discounted rent of $1,000 p.w. with monthly review. - Business takings last year averaged $33,000 p.w. - All figures on the books are available during meetings. The business set up cost was over $1 million.
Figures
Weekly Sales $26000
Rent (ex GST) $1000
Wages $9700
Profit $2090

SBX Business Code: SM1479

SBX Business Brokers - Sydney Business Exchange

Business Highlights

Business ID2016169129
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Category
Last updated  19 Mar 2020
Map for Sydney NSW 2000
Map for Sydney NSW 2000Sydney NSW 2000
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