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

QLD

For Sale $450,000

Business Details

Restaurant - Chinese Cuisine - Entertainment - Brisbane City Fringe



Restaurant - Chinese Cuisine - Entertainment - Brisbane City Fringe - Agent SBX Code Number: TTQN1052

Restaurant & entertainment complex serving Chinese cuisine with takings of approx. $21000 p.w. - Karaoke takings range $3000 - $3500 p.w. - Pool commission takings around $200+ p.w. - Gaming machines are hired with a profit $250 p.w. - 200 seats inside - Licenced

Potential
Could subdivide and sublet - Upgrade alcohol license - Turn into a nightclub -Replace karaoke, pool and video games with more popular activities - Suit 2 owner operators and save on wages.

Features
Huge area - Massive potential -Well known

Premises
This business has an area of 1100 sq.mts. which is divided into multiple areas

Location
Situated in large indoor mall / entertainment area

Trading Hours
7 days - 11 a.m. - 2 a.m.

Lease
Current lease expires August, 2018 - new 5 years lease can be negotiated

Employees
1 owner + 3 fulltimers + 6 casuals

Comments
Massive potential but need to refurnish most areas including 16 karaoke rooms .- Also upgrade alcohol license to turn into nightclub & disco - Suit investors and business migration.

Figures
Weekly Sales $25000
Rent (ex GST) $5000
Wages $7000
Profit $3790

Agent SBX Code Number: TTQN1052 - SBX Business Brokers

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Restaurant
  • Expenses: $14910
  • Business Selling Price: $450000
  • Trading Hours: 7 days - 11 a.m. - 2 a.m.
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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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