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

Business Code: GJT1070JX

Key Features: Large restaurant

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: 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

$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

$450,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Chinese Cuisine

Business Code: GJT1070JX

Key Features: Large restaurant

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: 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

$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

$450,000

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