For Sale $800,000
SBX Business Brokers

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

Food/Hospitality for sale

QLD

For Sale $800,000

Business Details

Chinese Cuisine - Restaurant - Brisbane City Fringe

Chinese Cuisine - Restaurant - Brisbane City Fringe - Agent SBX Code Number: TQL1002

Chinese Yum Cha restaurant serving live seafood, meat and vegetarian cuisine. - Very high quality construction and design. - There are two separate commercial kitchens - yum cha and ala carte. - A number of large seafood tanks with glass walls. - Restaurant is over 2 levels with massive ceilings and large open glass windows. - Seating 300 inside including VIP room and 80 outside all under cover.

Potential Would suit owner operator or investor. - Situated in area with over 5,000 new apartments being constructed within walking distance to the restaurant. - Potential to reach over $60,000 per week in sales. Features Great location. Very high quality fit out. -Very regular clientele. Well established. - Very long lease. Premises This business has an area of 534 sq. mts.,together with outside under cover seating. Location Situated on prominent corner on main road in one of the fastest growing areas close to CBD with many residential and commercial office buildings. Trading Hours 7 days - Mon. -Fri. -11 a.m. - 3 p.m. and 5-10 p.m. -Weekends - 10.30a.m. - 3 p.m. - 5 p.m. -10 p.m. Lease 10 + 5 years option - Current lease commenced Nov. 2012 Employees 1 owner (manager) + 6 full timers + 2 part time chefs +20 casual staff Comments First time offered. - One of the Citys most popular Chinese restaurants. - Initial fit out cost over $2,000,000. - Great opportunity to purchase at less than a third the cost. - Tremendous value for money with enormous growth potential. - Ideal Business Migration investment. Figures Weekly Sales $45000 Rent (ex GST) $6531 Wages $14000 Profit $4500
Agent SBX Code Number: TQL1002 - 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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