Upper North Shore
NSW
$320,000
Restaurant-Chinese / Asian CuisinePrice: $120,000Net Profit: $4,210 |
Visit this listing at https://www.sbx.com.au/business?id=M2143 |
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Business Code: M2143 Key Features: Chinese / Hong Kong restaurant - Long established - Net $4210 p.w. State: NSW Location: Prime street front location in affluent area of Northern Beaches. DescriptionRestaurant serving authentic Asian & Chinese cuisine, specialising in Hong Kong style food. Fully licensed. - Open 6 dinners. - Fully equipped kitchen with large cool room. Licensed. - 100 seats. Summary
Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale. 
Weekly SummaryWeekly Takings (inc GST)$20,000Cost of Goods$5,500Gross Profit$14,500Rent$2,300Wages$6,000Outgoings$408Telephone$20Insurance$192Electricity$460Gas$310Misc1$600Total Expenses$10,290Estimated Stock (Additional)$8,000Net Profit$4,210Price$120,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Restaurant-Chinese / Asian Cuisine
Business Code: M2143Price: $120,000
+ Estimated Stock (SAV) $8,000
Key Features: Chinese / Hong Kong restaurant - Long established - Net $4210 p.w.
State: NSW
Location: Prime street front location in affluent area of Northern Beaches.
Business Overview
Restaurant serving authentic Asian & Chinese cuisine, specialising in Hong Kong style food. Fully licensed. - Open 6 dinners. - Fully equipped kitchen with large cool room. Licensed. - 100 seats.
Summary
- Key Features: Good location. - Long established for 42 years. - Well known to locals. - Loyal local customers. - Stable income. - Short trading hours, 6 dinners only. - Long lease available. - Great potential.
- Potential: Could open 7 days. Could trade lunch. Expand home delivery through internet order system. Could convert to different cuisine.
- Premises: Well presented Chinese style fittings restaurant with an area of approx. 200 m2 plus one large store room in car parking area.
- Trading Hours: 6 nights, Tuesday to Sunday: 5 p.m to 10 p.m. Friday & Saturday till 11 p.m. Mondays closed.
- Lease: The vendor is landlord. New 3 + 3 or 5 + 5 years lease available with 3.5% annual increases and 3 months bond.
- Employees: 2 owners + 1 chef + 4 kitchen hands + 5-6 casuals including home delivery drivers.
- Sale Reason: Retiring after 38 years.
- Comments:
Total rent is plus GST and plus Outgoings. Strata levies $1,600 p/a, council rates $1,600 p/a & water rates $3,600 p/a; average $408 per week.. Misc. 1-refers to water usage, rubbish bill, bank fee etc. First time on market in 42 years. For more details please discuss with your broker. Keen vendor needs to retire. Freehold property for sale if desired. Inspections through SBX business brokers.
Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale.
Weekly Summary
Figures include GST unless stated otherwise
Weekly Takings
$20,000
Cost of Goods
$5,500
Gross Profit
$14,500
Rent (ex GST)
$2,300
Wages
$6,000
Outgoings
$408
Telephone
$20
Insurance
$192
Electricity
$460
Gas
$310
Misc1
$600
Total Expenses
$10,290
Estimated Stock (Additional)
$8,000
Net Profit
$4,210
Price
$120,000
+ Estimated Stock (SAV) $8,000
Enquire about this listing
All business and financial information provided is supplied by the vendor. SBX Business Brokers does not verify, adjust or interpret financial data. Buyers must rely on their own enquiries and independent professional advice. SBX Business Brokers accepts no liability for decisions made based on vendor-supplied information.