Food/Hospitality Business for Sale in NSW Photo 1
Restaurant for sale in Eastern Suburbs, NSW
For Sale $70,000

Restaurant for sale in NSW

Food/Hospitality
NSW
For Sale $70,000

Business Details

Restaurant - Chinese Cuisine - Motel - Snowy Mountains

\nRestaurant - Chinese Cuisine - Motel - Snowy Mountains - Agent SBX Code Number: CB1162

Chinese Restaurant serving authentic well - priced menu selections. - The Restaurant has an inviting entrance, which leads to the reception area, with a well- stocked bar and dining room easily accessed. - 100 seats - licences - Kitchen has been recently modernised with new equipment including stoves and 4 wok burners, deep fryer, 2 door commercial fridge and good freezer capacity. - The motel is on the upper floor, accessed from restaurant or rear parking area and consists of 16 ensuite rooms. - Rooms have been freshly painted, provide a wide range of accommodation options and have basic amenities

Potential
Upgrade accommodation amenities including TV and fridge. - Establish website. -Provide guest BBQ facilities utilising carport.

Features
Great local support. - Well established. -Well-priced. - Good reputation for service. Opportunity to further utilise Motel.

Premises
Attractive premises with Chinese Restaurant on ground floor and Motel accommodation upstairs.

Location
Ideal central location in busy Snowy Mountains regional hub.

Trading Hours
Restaurant- High season - Mon. - Sun. -11.00 a.m. - 2.30 p.m. and 5.00 p.m. - 9.30 p.m. - Motel - as required.

Lease
Current lease commenced March, 2013 - Expires March, 2023. - C.P.I. increases - No bond.

Employees
1 owner + 3 full timers

Comments
The business enjoys strong seasonal support, with accommodation priced with demand. - Motel utilising 11 rooms only due to current residential requirements. - Premises are alarmed. - Miscell.1 - Trade waste - Income includes $700 p.w. from motel.

Figures
Weekly Sales $7000
Rent (ex GST) $1090
Wages $1300
Profit $1770

Agent SBX Code Number: CB1162 - SBX Business Brokers

  • Last Updated August 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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