Visit this listing at https://www.sbx.com.au/business?id=FS1106F

Business Code: FS1106F

Key Features: Restaurant - Chinese - Kingsgrove Area - Sales $12,500 p.w.

State: NSW

Suburb: Kingsgrove, 2208

Location: Popular Chinese restaurant with lots of passing traffic in Sydney South.

Description

Restaurant serving Chinese cuisine including noodles, congee for lunch time and traditional Chinese dishes in evening.- Well equipped commercial kitchen with double sized walk in cool room, freezer and also 6 stoves, bbq oven etc. - Spacious VIP room upstairs can be a party room or karaoke room. - Currently uses Menulog & UberEats with about 60% takeaway business.- 120 seats inside.

Summary

  • Features: Long established - Good local support - Good sized commercial kitchen - Very spacious with lots of storage rooms.
  • Potential: Could add liquor license - Great opportunity to be a wholesaler supplying precooked food and sauces to other restaurants - Could add more variety to menu.
  • Premises: This business has two levels with total area of 400 sq. mts.
  • Trading Hours: 7 days - Mon.- Fri. - 11:00 a.m.- 3:00 p.m. - 5:00 p.m.- 10:00 p.m. - Sat. - Sun. - 11:00 a.m.- 3:00 p.m. - 5:00 p.m.- 11:00 p.m.
  • Lease: New 5 + 5 years lease will be provided - C.P.I. increases.-3 months bonds.
  • Employees: One owner + 3 fulltimers + 4 casuals.
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$12,500

Cost of Goods

$3,300

Gross Profit

$9,200

Rent

$2,000

Wages

$4,200

Outgoings

$150

Telephone

$30

Insurance

$40

Electricity

$250

Gas

$200

Total Expenses

$6,870

Estimated Stock (Additional)

$15,000

Net Profit

$2,330

Price

$200,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Chinese Restaurant - Takeaway.

Business Code: FS1106F
Price: $200,000
+ Estimated SAV $15,000

Key Features: Restaurant - Chinese - Kingsgrove Area - Sales $12,500 p.w.

State: NSW

Suburb: Kingsgrove, 2208

Location: Popular Chinese restaurant with lots of passing traffic in Sydney South.

Description

Restaurant serving Chinese cuisine including noodles, congee for lunch time and traditional Chinese dishes in evening.- Well equipped commercial kitchen with double sized walk in cool room, freezer and also 6 stoves, bbq oven etc. - Spacious VIP room upstairs can be a party room or karaoke room. - Currently uses Menulog & UberEats with about 60% takeaway business.- 120 seats inside.

Summary

  • Features: Long established - Good local support - Good sized commercial kitchen - Very spacious with lots of storage rooms.
  • Potential: Could add liquor license - Great opportunity to be a wholesaler supplying precooked food and sauces to other restaurants - Could add more variety to menu.
  • Premises: This business has two levels with total area of 400 sq. mts.
  • Trading Hours: 7 days - Mon.- Fri. - 11:00 a.m.- 3:00 p.m. - 5:00 p.m.- 10:00 p.m. - Sat. - Sun. - 11:00 a.m.- 3:00 p.m. - 5:00 p.m.- 11:00 p.m.
  • Lease: New 5 + 5 years lease will be provided - C.P.I. increases.-3 months bonds.
  • Employees: One owner + 3 fulltimers + 4 casuals.
  • Sale Reason: Retiring
  • Comments: The vendor has just started as a supplier of prepared food and sauces to other restaurants- Suitable for husband and wife team.- This business can be purchased together with FS1107 as an additional outlet - A must to inspect.

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Weekly Takings
(inc GST)

$12,500

Cost of Goods

$3,300

Gross Profit

$9,200

Rent (ex GST)

$2,000

Wages

$4,200

Outgoings

$150

Telephone

$30

Insurance

$40

Electricity

$250

Gas

$200

Total Expenses

$6,870

Estimated Stock (Additional)

$15,000

Net Profit

$2,330

Price

$200,000
+ Estimated SAV $15,000

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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.