Visit this listing at https://www.sbx.com.au/business?id=M2060

Business Code: M2060

Key Features: Restaurant - Chinese - Dumpling - South Sydney Area - Profit $5080 p.w.

State: NSW

Location: Prime street front location in very busy shopping street of South Sydney.

Description

Restaurant serving Chinese cuisine and specialising in serving handmade dumplings- with flavor of pork, beef, chicken, lamb, seafood and vegetarian etc, - Also sells wonton soup, chilly noodles, jelly fish and spicy beef dishes. - Full commercial kitchen with cool room and walk in freezer. - 40 seats inside.

Summary

  • Features: Perfect location. - Low rent for the shop size. - Very low food cost. - High margins. - Under management.
  • Potential: This young business has great potential to grow. - Could add more products. - Extend home delivery through internet ordering website. - ideal family business. - Suit owner operator to reduce wages and boost sales.
  • Premises: Newly renovated shop with an area of approx. 120 m2 plus approx. 150 m2 warehouse area at back which has not been used yet.
  • Trading Hours: 7 days - 11 a.m.- 9:30 p.m.
  • Lease: 3 + 3 year lease commenced Dec. 2018. - 3% increases. - 3 months bond.
  • Employees: Under management - 1 Manager + 3 staff
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$14,000

Cost of Goods

$3,500

Gross Profit

$10,500

Rent

$1,528

Wages

$2,940

Outgoings

$262

Telephone

$20

Insurance

$50

Electricity

$320

Gas

$200

Misc1

$100

Total Expenses

$5,420

Estimated Stock (Additional)

$4,000

Net Profit

$5,080

Price

$280,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Chinese Cuisine - Restaurant - Takeaway - Under Management

Business Code: M2060
Price: $280,000
+ Estimated SAV $4,000

Key Features: Restaurant - Chinese - Dumpling - South Sydney Area - Profit $5080 p.w.

State: NSW

Location: Prime street front location in very busy shopping street of South Sydney.

Description

Restaurant serving Chinese cuisine and specialising in serving handmade dumplings- with flavor of pork, beef, chicken, lamb, seafood and vegetarian etc, - Also sells wonton soup, chilly noodles, jelly fish and spicy beef dishes. - Full commercial kitchen with cool room and walk in freezer. - 40 seats inside.

Summary

  • Features: Perfect location. - Low rent for the shop size. - Very low food cost. - High margins. - Under management.
  • Potential: This young business has great potential to grow. - Could add more products. - Extend home delivery through internet ordering website. - ideal family business. - Suit owner operator to reduce wages and boost sales.
  • Premises: Newly renovated shop with an area of approx. 120 m2 plus approx. 150 m2 warehouse area at back which has not been used yet.
  • Trading Hours: 7 days - 11 a.m.- 9:30 p.m.
  • Lease: 3 + 3 year lease commenced Dec. 2018. - 3% increases. - 3 months bond.
  • Employees: Under management - 1 Manager + 3 staff
  • Sale Reason: Involved in other business
  • Comments: The profit shown is based on one owner working in the business and the Manager's wage of $1450 has been removed and added to nett profit. - The large warehouse at the back opposite the council parking area can be set up as an Asian supermarket or fruit market if desired with one shop paying same rent for two businesses. - Great opportunity. - A must to inspect.

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings

$14,000

Cost of Goods

$3,500

Gross Profit

$10,500

Rent (ex GST)

$1,528

Wages

$2,940

Outgoings

$262

Telephone

$20

Insurance

$50

Electricity

$320

Gas

$200

Misc1

$100

Total Expenses

$5,420

Estimated Stock (Additional)

$4,000

Net Profit

$5,080

Price

$280,000
+ Estimated SAV $4,000

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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.