Overview
We are proudly presents an exceptional opportunity to acquire a popular Chinese noodle and dumpling restaurant in a prime location in Sydney CBD. This thriving restaurant specializes in Chinese noodles, dumplings, and various stir-fried dishes, catering to a diverse clientele. As the new owner, you will benefit from a well-established reputation, loyal customer base, and a bustling location surrounded by commercial, retail, and entertainment facilities.
Features
* Spacious restaurant spanning approximately 88 sqm.
* Prime Location: Situated in the heart of Sydney CBD, the restaurant is surrounded by commercial, retail, and entertainment facilities, with convenient transportation and high foot traffic.
* Established Business: Successfully operating for 4 years, the restaurant enjoys a stable income and profit, attracting numerous customers daily.
* Traditional Chinese Noodle and Dumpling Offerings: Known for its delicious beef noodles, rich broth, tender beef, and flavorful dumplings.
* Excellent Reputation: Boasting loyal customers and numerous positive reviews on Sydney public review platforms and food delivery platforms.
* Stable Income and Profit: Annual revenue exceeding AUD 1 million and net profit exceeding AUD 400,000.
* Attractive Rent and Long-term Lease: Weekly rent of approximately AUD 3,800, with 5 years remaining on the lease.
* Easy Management and Operation: Fully equipped with a stable staff team, many of whom have been working since the restaurant's opening, ensuring a smooth transition for the new owner.
* Comprehensive Fit-out and Equipment: The restaurant comes with a fully equipped commercial kitchen, cold storage, and freezer facilities, requiring no additional investment from the buyer.
Potential
* Training and Support: The current owner will provide comprehensive training and support to ensure a seamless transition and help you build a solid foundation for success in your new venture.
* Growth potential: With a booming tourists and back to office workers in the region, the restaurant offers vast opportunities for expanding your clientele and increasing the value of your business.
* Expansion: Consider enlarging the restaurant's space by taking the additional sub-leasing space to serve a larger customer base.
* Brand development: Continuously enhance the restaurant's brand image and recognition to attract more business opportunities and foster long-term growth.
Trading Hours
Open 7 days a week, 11am to 9:30pm;
Lease
5+5-year lease commenced in October 2018; 3-month bond; 4% annual rent increase.
Financial Figures
* Weekly Revenue: Approx. $35,000
* Weekly Rent: Approx. $3,800 (inclusive of outgoings)
* Weekly Wages: Approx. $ 9,000
* Gross Profit Margin: Approx. 75%
Reason for Sale
Shareholder exit
Interested parties, please contact us for more information. Please note that this is a confidential sale, so do not approach the restaurant directly. Thank you!
IMPORTANT: The agency does not verify the accuracy of the information. Buyers are responsible for conducting their own due-diligence. We may call or contact you if you inquire about the business. Interested buyers may be requested to register and complete a Non-Disclosure Agreement. All images are for illustration purposes only and may NOT reflect the business in any way.
