Visit this listing at https://www.sbx.com.au/business?id=M2092

Business Code: M2092

Key Features: Popular Chinese restaurant.- Low rent.- High margins.- Net $7320 p.w.

State: NSW

Location: Under high rise apartment building in Inner West high density residential area with lots of new apartments close to river bank.

Description

Restaurant serving Chinese cuisine with East-Northern district style dishes including varieties of wok dishes, noodles and dumplings etc. - The takings include home delivery through internet orders. - Full commercial kitchen with cool room and store room. - 45 seats inside and 20 seats outside.

Summary

  • Features: Good location in large developing area. - Attractive shop fitout and menu. - High margins. - Low rent with long lease. - Young business has great potential to keep growing.
  • Potential: The young owner only manages the business part time and pays high wages to the chef and staff. - A full time motivated and experienced operator could save big wages and increase sales and profit - Could change to different cuisine.
  • Premises: Brand new and unique style fitting shop with an area of approx 130 m2 plus 40 m2 outside seating area and 2 parking spaces.
  • Trading Hours: 7 days - 10 a.m.- 3:30 p.m. + 5 p.m.- 9:30 p.m.
  • Lease: 5 + 5 years lease commenced Oct. 2018. - 3% increases. - 3 months bond.
  • Employees: One part-timer owner + 8-10 staff
  • Comments: Outgoings include building strata, council and water rates. - Misc.- 1- Refers to shop maintenance, rubbish and bank fees. - Large developing suburb with around 1500 more high rise apartments being built nearby which will bring more customers and the business takings should reach $30000 p.w, in future. - An excellent investment opportunity. - A must to inspect - . Please do not speak to any staff when visiting the business.

Weekly Summary

Weekly Takings (inc GST)

$22,000

Cost of Goods

$5,500

Gross Profit

$16,500

Rent

$1,060

Wages

$7,000

Outgoings

$250

Telephone

$20

Insurance

$100

Electricity

$280

Gas

$270

Misc1

$200

Total Expenses

$9,180

Estimated Stock (Additional)

$10,000

Net Profit

$7,320

Price

$420,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Chinese Cuisine

Business Code: M2092
Price: $420,000

Key Features: Popular Chinese restaurant.- Low rent.- High margins.- Net $7320 p.w.

State: NSW

Location: Under high rise apartment building in Inner West high density residential area with lots of new apartments close to river bank.

Description

Restaurant serving Chinese cuisine with East-Northern district style dishes including varieties of wok dishes, noodles and dumplings etc. - The takings include home delivery through internet orders. - Full commercial kitchen with cool room and store room. - 45 seats inside and 20 seats outside.

Summary

  • Features: Good location in large developing area. - Attractive shop fitout and menu. - High margins. - Low rent with long lease. - Young business has great potential to keep growing.
  • Potential: The young owner only manages the business part time and pays high wages to the chef and staff. - A full time motivated and experienced operator could save big wages and increase sales and profit - Could change to different cuisine.
  • Premises: Brand new and unique style fitting shop with an area of approx 130 m2 plus 40 m2 outside seating area and 2 parking spaces.
  • Trading Hours: 7 days - 10 a.m.- 3:30 p.m. + 5 p.m.- 9:30 p.m.
  • Lease: 5 + 5 years lease commenced Oct. 2018. - 3% increases. - 3 months bond.
  • Employees: One part-timer owner + 8-10 staff
  • Comments: Outgoings include building strata, council and water rates. - Misc.- 1- Refers to shop maintenance, rubbish and bank fees. - Large developing suburb with around 1500 more high rise apartments being built nearby which will bring more customers and the business takings should reach $30000 p.w, in future. - An excellent investment opportunity. - A must to inspect - . Please do not speak to any staff when visiting the business.

Weekly Summary

Weekly Takings
(inc GST)

$22,000

Cost of Goods

$5,500

Gross Profit

$16,500

Rent (ex GST)

$1,060

Wages

$7,000

Outgoings

$250

Telephone

$20

Insurance

$100

Electricity

$280

Gas

$270

Misc1

$200

Total Expenses

$9,180

Estimated Stock (Additional)

$10,000

Net Profit

$7,320

Price

$420,000

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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.