Visit this listing at https://www.sbx.com.au/business?id=M2114

Business Code: M2114

Key Features: Asian cuisine - Sydney CBD - Busy location - Bargain offer $45,000.

State: NSW

Location: Prime street front location in Sydney CBD close to Central station, UTS and Chinatown.

Description

Restaurant serving Asian cuisine including a large selection of tasty stir fried pork / beef / chicken / seafood / vegetable with rice, noodles and soups etc. - 28 seats inside and outside. - The previous turnover was $25, 000 - $30,000 p.w. before Covid-19. - The business now for sale is based on WIWO condition due to the vendors involvement in a large business. - No sale for the business goodwill, sale for equipment value only.

Summary

  • Features: Perfect location. - Great growth potential. - Bargain offer.
  • Potential: Great buy opportunity for the business growing after market recovery. - Would suit chef owner operator. - Could change to different type of cuisine.
  • Premises: Well presented shop with an area approx. 45 m2 plus one store room and one car space downstairs..
  • Trading Hours: 7 days - 10:30 a.m.-10:30 p.m. - Council approved for trading Midnight.
  • Lease: 5 + 5 year lease commenced Feb 2015 - 4 years remaining. - 3.5% increases - 3 months bond.
  • Employees: 2 owners + 1 chef + 2 staff
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$12,500

Cost of Goods

$3,700

Gross Profit

$8,800

Rent

$3,500

Wages

$2,700

Telephone

$20

Insurance

$80

Electricity

$280

Gas

$220

Misc1

$200

Total Expenses

$7,000

Estimated Stock (Additional)

$5,000

Net Profit

$1,800

Price

$35,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Asian Cuisine - Takeaway

Business Code: M2114
Price: $35,000
+ Estimated SAV $5,000

Key Features: Asian cuisine - Sydney CBD - Busy location - Bargain offer $45,000.

State: NSW

Location: Prime street front location in Sydney CBD close to Central station, UTS and Chinatown.

Description

Restaurant serving Asian cuisine including a large selection of tasty stir fried pork / beef / chicken / seafood / vegetable with rice, noodles and soups etc. - 28 seats inside and outside. - The previous turnover was $25, 000 - $30,000 p.w. before Covid-19. - The business now for sale is based on WIWO condition due to the vendors involvement in a large business. - No sale for the business goodwill, sale for equipment value only.

Summary

  • Features: Perfect location. - Great growth potential. - Bargain offer.
  • Potential: Great buy opportunity for the business growing after market recovery. - Would suit chef owner operator. - Could change to different type of cuisine.
  • Premises: Well presented shop with an area approx. 45 m2 plus one store room and one car space downstairs..
  • Trading Hours: 7 days - 10:30 a.m.-10:30 p.m. - Council approved for trading Midnight.
  • Lease: 5 + 5 year lease commenced Feb 2015 - 4 years remaining. - 3.5% increases - 3 months bond.
  • Employees: 2 owners + 1 chef + 2 staff
  • Sale Reason: Plan on large business
  • Comments: The rent includes outgoings. - Misc.-1-Refers to rubbish, outside seating area and water usage fee etc. - Keen vendor - urgent sale and bargain. - A very low price for quick sale. - A great buy opportunity.

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

$12,500

Cost of Goods

$3,700

Gross Profit

$8,800

Rent (ex GST)

$3,500

Wages

$2,700

Telephone

$20

Insurance

$80

Electricity

$280

Gas

$220

Misc1

$200

Total Expenses

$7,000

Estimated Stock (Additional)

$5,000

Net Profit

$1,800

Price

$35,000
+ Estimated SAV $5,000

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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.