For Sale $450,000
SBX Business Brokers

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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Food/Hospitality for sale

NSW

For Sale $450,000

Business Details

Restaurant - Chinese Cuisine - North West Sydney

\nRestaurant - Chinese Cuisine - North West Sydney - Agent SBX Code Number: M1860

Restaurant serving traditional Chinese cuisine, Peking duck, sang choy bow, seafood, beef, chicken, pork and vegetarian dishes. - Beverages of coffee, tea and drinks. - Main courses are all above $20. - Full commercial kitchen with cool room. - Full liquor licenced. - Banquet menu for parties. - 170 seats indoors. - Premium fitout which cost $550k.

Potential
Would suit any cuisine. - Could be run under management. - Add local marketing. - Could trade 7 days to increase sales.

Features
Good location. - No competition. - Regular dine in. - Newly refurbished. - High turnover. - Low rent.

Premises
Elegant tastefully presented restaurant with 2 large dining rooms and a total area of approx. 300 m2.

Location
Situated in a shopping village in North-West area.

Trading Hours
6 days - Tues. - Sun. - 11 a.m.- 3 p.m. + 5 p.m. - 10 p.m.

Lease
5 + 5 year lease from 2014. - 5% increases. - 3 months bond.

Employees
1 owner ( working cashier desk and serving orders ) plus 6 full time workers + 10 casuals.

Comments
The rental includes GST. - Miscell. 1- Water and rubbish. - The business busy trading times are Friday, Saturday and Sunday - 3 days takings average $25,000. - Very solid income business. -Inspection is high recommended. - Please do not talk to any shop staff when visiting the business.

Figures
Weekly Sales $33000
Rent (ex GST) $2558
Wages $11500
Profit $7340

Agent SBX Code Number: M1860 - SBX Business Brokers

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Restaurant
  • Expenses: $15660
  • Business Selling Price: $450000
  • Trading Hours: 6 days - Tues. - Sun. - 11 a.m.- 3 p.m. + 5 p.m. - 10 p.m.
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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Phone: 02 9439 4403
Fax: 02 9439 5944

SBX Business Brokers
Phone: 02 9439 4403

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