Food/Hospitality Business for Sale in NSW Photo 1
Restaurant for sale in Eastern Suburbs, NSW
For Sale $328,000

Restaurant for sale in NSW

Food/Hospitality
NSW
For Sale $328,000

Business Details

Chinese Cuisine - Restaurant - North West

\nChinese Cuisine - Restaurant - North West - Agent SBX Code Number: SM1393

Restaurant serving Chinese cuisine, large wine bar, full kitchen. - Large full function area for up to 200 seats. - Business can be run under management. - Business includes the web site.

Potential
Thousands of new houses are under construction in the area. - Suitable for family.

Features
No direct competition in the area. - Well established for 30 years. - Great reputation. - State of the art fit out

Premises
This business has an area of 500 m2 with a state of the art fitout.

Location
Situated in very busy area of North West Sydney town centre with main road frontage.

Trading Hours
7 days.- Sun. - Thurs. -1200 p.m - 230 p.m. + 500 p.m. - 930 p.m. - Fri. - Sat. - 1200 p.m. - 230 p.m. + 500 p.m. - 1030 p.m.

Lease
New lease available - C.P.I . increases - Vendor is Landlord willing to negotiate a lease term to suit. - 3 months bond.

Employees
1 part time owner (3 - 4 days) plus staff.

Comments
Very solid business. - High profit margin. - $300 outgoings includes water usage, grease trap cleaning. - Vendor willing provide full training for the purchaser. - One of the best Chinese restaurants on the market.

Figures
Weekly Sales $30000
Rent (ex GST) $2200
Wages $9000
Profit $8000

Agent SBX Code Number: SM1393 - SBX Business Brokers

  • Last Updated July 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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