Visit this listing at https://www.sbx.com.au/business?id=FY1077

Business Code: FY1077

Key Features: Great business

State: NSW

Suburb: Lakemba, 2195

Location: Situated on main street of busy South West Sydney suburb.

Description

Restaurant serving Chinese cuisine and seafood. - Live seafood tank with lobsters, fish & abalone. - Opens dinner and supper only. - A full sized commercial kitchen with all equipment in good condition, walk-in cool room with lots of room for storage - 120 seats - Newly renovated VIP room with state of art karaoke facilities. -

Summary

  • Features: No competition - Loyal customers - Well known
  • Potential: Could open for lunch - Do more social media promotion.
  • Premises: This business has an area of 350 sq.mts.
  • Trading Hours: 7 days - Mon. - Sun. - 5 p.m. to 2 a.m.
  • Lease: New 5 + 5 Lease available - vendor is the landlord. .
  • Employees: 1.5 owners + 4 fulltimers + 5 casuals
  • Comments: Best Chinese restaurant in the area.

Weekly Summary

Weekly Takings (inc GST)

$24,000

Cost of Goods

$8,400

Gross Profit

$15,600

Rent

$2,300

Wages

$5,800

Outgoings

$322

Insurance

$80

Electricity

$300

Gas

$30

Total Expenses

$8,832

Estimated Stock (Additional)

$10,000

Net Profit

$6,768

Price

$248,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Chinese Cuisine

Business Code: FY1077
Price: $248,000

Key Features: Great business

State: NSW

Suburb: Lakemba, 2195

Location: Situated on main street of busy South West Sydney suburb.

Description

Restaurant serving Chinese cuisine and seafood. - Live seafood tank with lobsters, fish & abalone. - Opens dinner and supper only. - A full sized commercial kitchen with all equipment in good condition, walk-in cool room with lots of room for storage - 120 seats - Newly renovated VIP room with state of art karaoke facilities. -

Summary

  • Features: No competition - Loyal customers - Well known
  • Potential: Could open for lunch - Do more social media promotion.
  • Premises: This business has an area of 350 sq.mts.
  • Trading Hours: 7 days - Mon. - Sun. - 5 p.m. to 2 a.m.
  • Lease: New 5 + 5 Lease available - vendor is the landlord. .
  • Employees: 1.5 owners + 4 fulltimers + 5 casuals
  • Comments: Best Chinese restaurant in the area.

Weekly Summary

Weekly Takings
(inc GST)

$24,000

Cost of Goods

$8,400

Gross Profit

$15,600

Rent (ex GST)

$2,300

Wages

$5,800

Outgoings

$322

Insurance

$80

Electricity

$300

Gas

$30

Total Expenses

$8,832

Estimated Stock (Additional)

$10,000

Net Profit

$6,768

Price

$248,000

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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.