Visit this listing at https://www.sbx.com.au/business?id=M1979

Business Code: M1979

Key Features: Restaurant - Chinese cuisine - Cronulla Area Takings $17,000 p.w

State: NSW

Suburb: Cronulla, 2230

Location: Prime street front location in busy shopping street close to train station, park and beach in South Sydney.

Description

Restaurant serving Chinese cuisine which includes seafood. - large commercial kitchen with 2 cool rooms and one frozen room. - Wine bar with liquor licence. - 250 seats. - New lease with $1000 reduced rent per week and 6 weeks rent free period.

Summary

  • Features: Top location. - Loyal local customers. - No competition. - New lease with low rent - Great potential.
  • Potential: Could set up own website. - Promote social media presence. - Expand on home delivery and catering. - Add outside seats
  • Premises: Modern and elegant fitout with an area of approx. 400 m2.
  • Trading Hours: 7 days - 11 a.m.- 10 p.m.
  • Lease: New 3 + 3 hear lease commences Nov 2020 - C.P.I. increases. - 3 months bond.
  • Employees: One owner + 3 - 4 chefs + kitchen hands + 4 floor severs.
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$17,000

Cost of Goods

$4,700

Gross Profit

$12,300

Rent

$1,454

Wages

$3,800

Outgoings

$231

Telephone

$20

Insurance

$150

Electricity

$470

Gas

$300

Misc1

$300

Total Expenses

$6,725

Estimated Stock (Additional)

$10,000

Net Profit

$5,575

Price

$350,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant-Chinese Cuisine

Business Code: M1979
Price: $350,000

Key Features: Restaurant - Chinese cuisine - Cronulla Area Takings $17,000 p.w

State: NSW

Suburb: Cronulla, 2230

Location: Prime street front location in busy shopping street close to train station, park and beach in South Sydney.

Description

Restaurant serving Chinese cuisine which includes seafood. - large commercial kitchen with 2 cool rooms and one frozen room. - Wine bar with liquor licence. - 250 seats. - New lease with $1000 reduced rent per week and 6 weeks rent free period.

Summary

  • Features: Top location. - Loyal local customers. - No competition. - New lease with low rent - Great potential.
  • Potential: Could set up own website. - Promote social media presence. - Expand on home delivery and catering. - Add outside seats
  • Premises: Modern and elegant fitout with an area of approx. 400 m2.
  • Trading Hours: 7 days - 11 a.m.- 10 p.m.
  • Lease: New 3 + 3 hear lease commences Nov 2020 - C.P.I. increases. - 3 months bond.
  • Employees: One owner + 3 - 4 chefs + kitchen hands + 4 floor severs.
  • Sale Reason: Family reasons
  • Comments: Misc.- 1- refers to water usage, rubbish and merchant banking fee etc. - This is very large restaurant with 250 seats which suits all type of cuisine, well priced to sell - Please be discreet when visiting the business.

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)

$17,000

Cost of Goods

$4,700

Gross Profit

$12,300

Rent (ex GST)

$1,454

Wages

$3,800

Outgoings

$231

Telephone

$20

Insurance

$150

Electricity

$470

Gas

$300

Misc1

$300

Total Expenses

$6,725

Estimated Stock (Additional)

$10,000

Net Profit

$5,575

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.