For Sale $150,000
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 $150,000

Business Details

Restaurant-Asian-Chinese Cuisine - Lower North Shore

Restaurant-Asian-Chinese Cuisine - Lower North Shore - Agent SBX Code Number: M1666 Restaurant serving Chinese cuisine. - Full commercial kitchen - 120 seats - Fully licenced. - Large spacious restaurant that can cater for a wide range of clientle and functions. Potential Has only been open 5 months and it is already achieving sales of $12,000 p.w. which could easily grow to $15000 in coming months. - Perfect for an owner chef to save on wages and increase profit. - Would suit any style cuisine. - Could open 7 days. Features Great location. Brand new shop. Modern design. Huge potential. Premises This 2 level restaurant has an area of approx. 220 sq.mts with stylish and quality fitout. Location Prime street front location in Lower North Shore area. Trading Hours 6 days - Tues. - Sun. - 1130 a.m. - 3 p.m. - 530 p.m. - 1030 p. m. - Closed Monday Lease New 3 + 5 year lease commenced June, 2013 Employees One owner + one chef + 3 full timers + 6 parttimers Comments The profit shown above is based on 2 fulltime owners working in the business. - Current wages paid are $4500 p.w. - Urgent sale. - Price negotiable. - Great buying opportunity. Figures Weekly Sales $12000 Rent (ex GST) $2180 Wages $3500 Profit $2520
Agent SBX Code Number: M1666 - 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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