Visit this listing at https://www.sbx.com.au/business?id=GJT1070JX

Business Code: GJT1070JX

Key Features: Large restaurant. - Good rent

State: NSW

Suburb: Bossley Park, 2176

Location: Situated in Western Sydney.

Description

Restaurant serving full range of authentic Chinese Cuisine, including entrees and mains, seafood, duck, chicken, pork, beef and lamb dishes, desserts. - 2 private VIP rooms - Huge commercial kitchen - 200 seats inside - Fully licensed - the average spend is about $60 per person with weddings at $100 per head.

Summary

  • Features: Fully licensed bar inside club - Well established for 8 years - Little competition in the area. - Very low rent
  • Potential: Increase the trading days. - Currently only open 6 days per week. - Potential to reintroduce Yum Cha ( previous sales were $40k per week) - advertise more weddings / functions - Currently only doing about 2 weddings per year
  • Premises: This business has an area of 600 sq. mts. with a separate function room for weddings, private events for hundreds of people
  • Trading Hours: 6 days - Mon. - Thurs. - 11 a.m. - 3 p.m. - 5 p.m. - 10 p.m. - Fri. - Sat. - 11 a.m. - 3 p.m. - 5 p.m. - 11 p.m.
  • Lease: Current lease expires May, 2022. - Annual rental C.P.I. increases - No bond required. - 5 year lease available on request
  • Employees: 5 fulltimers + 8 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$16,000

Cost of Goods

$4,400

Gross Profit

$11,600

Rent

$900

Wages

$4,800

Telephone

$20

Insurance

$25

Misc1

$1,000

Misc2

$200

Total Expenses

$6,945

Estimated Stock (Additional)

$20,000

Equipment (Included)

$300,000

Net Profit

$4,655

Price

$350,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Chinese Cuisine

Business Code: GJT1070JX
Price: $350,000

Key Features: Large restaurant. - Good rent

State: NSW

Suburb: Bossley Park, 2176

Location: Situated in Western Sydney.

Description

Restaurant serving full range of authentic Chinese Cuisine, including entrees and mains, seafood, duck, chicken, pork, beef and lamb dishes, desserts. - 2 private VIP rooms - Huge commercial kitchen - 200 seats inside - Fully licensed - the average spend is about $60 per person with weddings at $100 per head.

Summary

  • Features: Fully licensed bar inside club - Well established for 8 years - Little competition in the area. - Very low rent
  • Potential: Increase the trading days. - Currently only open 6 days per week. - Potential to reintroduce Yum Cha ( previous sales were $40k per week) - advertise more weddings / functions - Currently only doing about 2 weddings per year
  • Premises: This business has an area of 600 sq. mts. with a separate function room for weddings, private events for hundreds of people
  • Trading Hours: 6 days - Mon. - Thurs. - 11 a.m. - 3 p.m. - 5 p.m. - 10 p.m. - Fri. - Sat. - 11 a.m. - 3 p.m. - 5 p.m. - 11 p.m.
  • Lease: Current lease expires May, 2022. - Annual rental C.P.I. increases - No bond required. - 5 year lease available on request
  • Employees: 5 fulltimers + 8 casuals
  • Sale Reason: Owner wants to move back to China
  • Comments: Profitable with rent less than 8% of turnover - Rent includes outgoings, electricity, water and cleaning. - Excellent opportunity to purchase a profitable restaurant in the Western Suburbs with very little competition. Fully licensed bar inside the club meaning the owner keeps all the profits - Misc. - 1 - gst and payg. - Misc. - 2 - laundry, stationery.

Weekly Summary

Weekly Takings
(inc GST)

$16,000

Cost of Goods

$4,400

Gross Profit

$11,600

Rent (ex GST)

$900

Wages

$4,800

Telephone

$20

Insurance

$25

Misc1

$1,000

Misc2

$200

Total Expenses

$6,945

Estimated Stock (Additional)

$20,000

Equipment (Included)

$300,000

Net Profit

$4,655

Price

$350,000

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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.