Visit this listing at https://www.sbx.com.au/business?id=M2106

Business Code: M2106

Key Features: Chinese Noodle Restaurant - Busy location - Net $4870 p.w. - South Sydney

State: NSW

Location: Street front location in very busy foot traffic area of main shopping street in South Sydney suburb.

Description

Restaurant serving Chinese cuisine including noodles, dumplings and wonton soup etc. -Full kitchen. - 24 seats inside - Well known by locals.

Summary

  • Features: Perfect location. - Long established for 10 years. - Regular customers. - Low food cost with high margins. - Stable income for many years.
  • Potential: Ideal family business. - Could add more products. - Extend home delivery. - Open later.
  • Premises: Well presented shop with an area of approx. 120 m2 and in very good conditions.
  • Trading Hours: 7 days - 5:30 a.m.- 6:30 p.m. - Can trade longer hours for dinners.
  • Lease: 5 + 5 year lease commenced Oct. 2011. - CPI increases. - New lease available to discuss with landlord.
  • Employees: 2 owners + 1 chef + 4 staff
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$17,000

Cost of Goods

$4,000

Gross Profit

$13,000

Rent

$2,785

Wages

$4,000

Outgoings

$262

Telephone

$20

Insurance

$80

Electricity

$513

Gas

$270

Misc1

$200

Total Expenses

$8,130

Estimated Stock (Additional)

$4,500

Net Profit

$4,870

Price

$290,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Chinese Cuisine - Restaurant -Takeaway

Business Code: M2106
Price: $290,000
+ Estimated SAV $4,500

Key Features: Chinese Noodle Restaurant - Busy location - Net $4870 p.w. - South Sydney

State: NSW

Location: Street front location in very busy foot traffic area of main shopping street in South Sydney suburb.

Description

Restaurant serving Chinese cuisine including noodles, dumplings and wonton soup etc. -Full kitchen. - 24 seats inside - Well known by locals.

Summary

  • Features: Perfect location. - Long established for 10 years. - Regular customers. - Low food cost with high margins. - Stable income for many years.
  • Potential: Ideal family business. - Could add more products. - Extend home delivery. - Open later.
  • Premises: Well presented shop with an area of approx. 120 m2 and in very good conditions.
  • Trading Hours: 7 days - 5:30 a.m.- 6:30 p.m. - Can trade longer hours for dinners.
  • Lease: 5 + 5 year lease commenced Oct. 2011. - CPI increases. - New lease available to discuss with landlord.
  • Employees: 2 owners + 1 chef + 4 staff
  • Sale Reason: Retirement after 10 years
  • Comments: Misc.- 1 - Refers to water usage and rubbish fee. - First time on market for 10 years. - 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

$17,000

Cost of Goods

$4,000

Gross Profit

$13,000

Rent (ex GST)

$2,785

Wages

$4,000

Outgoings

$262

Telephone

$20

Insurance

$80

Electricity

$513

Gas

$270

Misc1

$200

Total Expenses

$8,130

Estimated Stock (Additional)

$4,500

Net Profit

$4,870

Price

$290,000
+ Estimated SAV $4,500

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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.