For Sale $380,000
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 $380,000

Business Details

Restaurant - Chinese Cuisine - South West

\nRestaurant - Chinese Cuisine - South West - Agent SBX Code Number: BM1007

Chinese restaurant selling Cantonese and Asian fusion cuisine - High volume kitchen. - 85 seats - Licenced.

Potential
Under utilised and under marketed licensed bar.

Features
Long established - Well known. - Profitable

Premises
Large, attractive, well planned and functional licensed restaurant and bar with an area of 220 sq. mts.

Location
Situated at the entrance to a major suburban shopping centre

Trading Hours
7 days - Lunch - 12 noon to 3 p.m. - Dinner - Sun. - Thurs. - 5 p.m.- 930 p.m.. - Fri. - Sat. - 5 p.m.-1030 p.m.

Lease
4 yrs. remain + 5 yrs. + 5 yrs. options with C.P.I. increases

Employees
2 owners + 6 full timers + 6 casuals

Comments
Received a $800,000 fitout 4 years ago. - Very steady and profitable business

Figures
Weekly Sales $24000
Rent (ex GST) $2450
Wages $5500
Profit $4640

Agent SBX Code Number: BM1007 - 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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Enquire

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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