Food/Hospitality Business for Sale in NSW Photo 1
Restaurant for sale in Eastern Suburbs, NSW
For Sale $380,000

Restaurant for sale in NSW

Food/Hospitality
NSW
For Sale $380,000

Business Details

Chinese Restaurant - Asian Cuisine - Under Management - City

\nChinese Restaurant - Asian Cuisine - Under Management - City - Agent SBX Code Number: M1725

Chinese restaurant serving delicious and fast food such as signature dishes, Jianbing, noodles, soup, wraps and home made brewed drinks. - Open kitchen. - 40 seats.

Potential
Could trade longer hours till 12am in this busy location. - Could expand to franchise business. Active owner operation could save on wages and increase profit.

Features
Top location. - Tasty and simple food menu. - Very high margins. - Under management. - Excellent fit out.

Premises
Newly refurbished shop with an area of 70m2 plus 12m2 storage room.

Location
Prime street front location in high pedestrian traffic area of Sydney CBD centre.

Trading Hours
7 days - 11 a.m. - 1030 p.m.

Lease
5 + 2 year lease commenced Nov. 2013. - 5% increases. - 3 months bond.

Employees
Fully under management. - 1 Manager + 5-6 staff

Comments
The rent is inclusive of all outgoings, water, rubbish removal and outside seating area. - The business takings reached $25,000 in the summer season. - Well priced. - Great investment opportunity.

Figures
Weekly Sales $21000
Rent (ex GST) $6750
Wages $4800
Profit $4850

Agent SBX Code Number: M1725 - SBX Business Brokers

  • Last Updated April 2015
  • 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
SBX Business Brokers
Suite 1, Level 2, 2 - 4 Pacific Highway,
St Leonards, NSW 2065
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