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Restaurant business for sale in Sydney

  • Restaurant
  • Sydney NSW 2000
  • $350000

W1567 - Business For Sale - Restaurant Good business

Restaurant - Korean - Chinese Cuisine - Western Suburbs
SBX Business Code: W1567
Restaurant specialising in Korean /Chinese cuisine including noodles, sweet & sour pork or beef, stir fried seafood, yuringi, chicken in spicy sauce, tofu salad etc. - 42 seats inside - Fully licensed with liquor license until 1000 p.m

Potential
Experienced couple could save on wages.-Suit family business. - Can extend opening hours 7 days.

Features
Location - Location. - Excellent kitchen equipment. - Good reputation.

Premises
This business has an area of 100 sq.mts.

Location
Situated on busy main shopping roadclose to train station.

Trading Hours
6 days - Mon. - Sun. - 1100 a.m. - 400 p.m. - 500 p.m. - 1000 p.m. - Closed Thursday.

Lease
5 years + 5 year lease from 2014 - 3 months bond - annual rental increases of 4%

Employees
4 fulltimers + 2 casuals + owner (Manager only)

Comments
Good reputation and always busy. - 2016 sales were $1.25million - Net profit based on one owner working.
Figures
Weekly Sales $25000
Rent (ex GST) $1350
Wages $5200
Profit $8500

SBX Business Code: W1567

SBX Business Brokers - Sydney Business Exchange

Business Highlights

Business ID

2013687436

Last updated

16 Oct 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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