Visit this listing at https://www.sbx.com.au/business?id=FQ1088

Business Code: FQ1088

Key Features: Well established

State: NSW

Location: Situated in a busy shopping centre in Sydney South.

Description

Restaurant serving Chinese cuisine including yum cha, omelettes, mains, stirr frys, seafood dishes, bean curds, desserts, as well as Malaysian delights such as satay sticks, beef rendang, curry laksa etc. - Spacious dining area is perfect for family, corporate or private events. - Full kitchen. - 120 seats inside. - Full liquor licence. - Sizeable takeaway and delivery business.

Summary

  • Features: No competition within centre - Regular clientele - Established over 25 years. Consistent turnover - Large area. - Popular website.
  • Potential: Could apply for liquor licence and increase turnover with alcohol sales - Extend trading hours. - Trade on Mondays. - Register with online portals such as Menulog and Delivery Hero. - Extend home-delivery to Sutherland area - Increase advertising. - Cater for events and functions
  • Premises: Spacious premises with an area of over 200 sq.mts.
  • Trading Hours: 6 days - Tues. - Sat. - 12:00 p.m. - 2:00 p.m. - 5:00 p.m. - 9:00 p.m. - Sun. - 5:00 p.m.- 9:00 p.m. - Closed Monday.
  • Lease: Current lease commenced Sept. 2016 - Expires Sept. 2019 + 2 yr. option. - 5% annual increases - 3 months bond.
  • Employees: 1 owner +3 fulltimers + 6 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$16,000

Cost of Goods

$5,000

Gross Profit

$11,000

Rent

$1,930

Wages

$5,000

Telephone

$15

Insurance

$80

Electricity

$300

Gas

$300

Misc1

$110

Misc2

$450

Total Expenses

$8,185

Net Profit

$2,815

Price

$99,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Chinese Cuisine - Malaysian Cuisine

Business Code: FQ1088
Price: $99,000

Key Features: Well established

State: NSW

Location: Situated in a busy shopping centre in Sydney South.

Description

Restaurant serving Chinese cuisine including yum cha, omelettes, mains, stirr frys, seafood dishes, bean curds, desserts, as well as Malaysian delights such as satay sticks, beef rendang, curry laksa etc. - Spacious dining area is perfect for family, corporate or private events. - Full kitchen. - 120 seats inside. - Full liquor licence. - Sizeable takeaway and delivery business.

Summary

  • Features: No competition within centre - Regular clientele - Established over 25 years. Consistent turnover - Large area. - Popular website.
  • Potential: Could apply for liquor licence and increase turnover with alcohol sales - Extend trading hours. - Trade on Mondays. - Register with online portals such as Menulog and Delivery Hero. - Extend home-delivery to Sutherland area - Increase advertising. - Cater for events and functions
  • Premises: Spacious premises with an area of over 200 sq.mts.
  • Trading Hours: 6 days - Tues. - Sat. - 12:00 p.m. - 2:00 p.m. - 5:00 p.m. - 9:00 p.m. - Sun. - 5:00 p.m.- 9:00 p.m. - Closed Monday.
  • Lease: Current lease commenced Sept. 2016 - Expires Sept. 2019 + 2 yr. option. - 5% annual increases - 3 months bond.
  • Employees: 1 owner +3 fulltimers + 6 casuals
  • Sale Reason: Retirement due to health reasons
  • Comments: Misc. -1 refers to Eftpos merchant facility fees. - Misc. 2 - refers to gst tax payments - Regretful sale due to ill health.

Weekly Summary

Weekly Takings
(inc GST)

$16,000

Cost of Goods

$5,000

Gross Profit

$11,000

Rent (ex GST)

$1,930

Wages

$5,000

Telephone

$15

Insurance

$80

Electricity

$300

Gas

$300

Misc1

$110

Misc2

$450

Total Expenses

$8,185

Net Profit

$2,815

Price

$99,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.