For Sale $299,000
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 $299,000

Business Details

Restaurant - Chinese Cuisine - Upper North Shore



Restaurant - Chinese Cuisine - Upper North Shore - Agent SBX Code Number: SM1423

Restaurant serving traditional Chinese Cuisine including seafood, daily Yum Cha, Peking duck, sang choy bow, beef, chicken, pork and vegetarian dishes. - Full commercial kitchen with cool room. - 180 seats.

Potential
Add catering - Promote corporate functions and parties. - Motivated owner will improve the turnover.

Features
Prime location - Attractive fitout - Good reputation - No competition.

Premises
This business has an area of approx. 350 sq.mts. plus store room and toilets.

Location
Situated in shopping centre in Upper North Shore.

Trading Hours
7 days. -Mon. - Sat. - Lunch -1100 a.m. - 300 p.m. - Dinner - 530 p.m. -1030 p.m. - Sun.- Lunch- 1030 - 300 p.m - Dinner -530 p.m - 1030 p.m

Lease
Current lease expires June,2018. - 3% increases. - New lease should be on offer. - 3 months Bank guarantee.

Employees
1 owner + staff.

Comments
Miscell. 1. is GST. - Miscell. 2 - Gas and Electricity -Rent includes huge storeroom and all outgoings - Inspection is high recommended. - Please do not talk to any shop staff when visiting the business. - Profit shown is for 2 working owners.

Figures
Weekly Sales $31700
Rent (ex GST) $5000
Wages $12460
Profit $4000

Agent SBX Code Number: SM1423 - SBX Business Brokers

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Restaurant
  • Business Lease: $26,000.00
  • Attached Dwelling: YES
  • Copy Of Title: 1
  • Expenses: $10000
  • Earnings Before Interest Tax: $1100000
  • Business Selling Price: $300000
  • Business Property Price: $300000
  • Property Selling Price: 300000
  • Trading Hours: 9am-5pm mon-fri.
  • Franchise Agreement Fees: NO
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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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