South Sydney
NSW
$350,000
Restaurant - Chinese CuisinePrice: $150,000Net Profit: $4,655 |
Visit this listing at https://www.sbx.com.au/business?id=GJT1070JX |
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Business Code: GJT1070JX Key Features: Restaurant - Chinese Cuisine - Bossley Park - Takings $16,000 p.w. State: NSW Suburb: Bossley Park, 2176 Location: Situated in Western Sydney. DescriptionRestaurant 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
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Weekly SummaryWeekly Takings (inc GST)$16,000Cost of Goods$4,400Gross Profit$11,600Rent$900Wages$4,800Telephone$20Insurance$25Misc1$1,000Misc2$200Total Expenses$6,945Estimated Stock (Additional)$20,000Equipment (Included)$300,000Net Profit$4,655Price$150,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Restaurant - Chinese Cuisine
Business Code: GJT1070JX
Price: $150,000
+ Estimated SAV $20,000
Key Features: Restaurant - Chinese Cuisine - Bossley Park - Takings $16,000 p.w.
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.
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)
$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
$150,000
+ Estimated SAV $20,000
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