Visit this listing at https://www.sbx.com.au/business?id=SFA1043

Business Code: SFA1043

Key Features: Asian restaurant - Lower North Shore -Syd - Sales $17,000 p.w - Priced to sell!

State: NSW

Suburb: Lane Cove, 2066

Location: Well located on main street in well known village , surrounded by residential on the Lower North Shore

Description

Restaurant - takeaway serving Asian, Malaysian - Chinese cuisine which is well known for its specialised dishes - entrees, soups, main meals of chicken, pork , beef, seafood combinations & fish, vegetarian served with rice or noodles - cold beverages - BYO - Full commercial kitchen - 50 seats inside.

Summary

  • Features: Strong local presence with loyal customers - Well established - Only Malay restaurant in the village - High foot traffic
  • Potential: Increase trading hours - Apply for liquor license (STA) - Apply for outdoor seating - Utilise popular delivery services - Also woud suit most cuisines
  • Premises: Fully equipped commercial kitchen with cool room, ample storage with an area of 246 square metres.
  • Trading Hours: 6 days - Mon - 11 a.m - 2.30 pm - 5 pm - 9.30 pm -Wed - 11 am - 2.30 pm - 5 pm - 9.30 p.m. - Thurs. - Sat.- 11 a.m. -3 p.m. - 5 p.m - 10 p.m. -Sun.- 11.30 a.m - 2.30 p.m - 5 p.m - 9.30 p.m.
  • Lease: Current lease expires September. 2022 with an option of 5 years - CPI increases, 3 month bond
  • Employees: 1 Manager (Wage shown in profit) + 2 full timers + 1 casual + 1 driver
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$17,000

Cost of Goods

$5,400

Gross Profit

$11,600

Rent

$1,863

Wages

$5,300

Outgoings

$170

Telephone

$25

Electricity

$200

Gas

$180

Misc1

$287

Total Expenses

$8,025

Estimated Stock (Additional)

$6,000

Net Profit

$3,575

Price

$68,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Takeaway - Asian Cuisine -Under Management - Malaysian

Business Code: SFA1043
Price: $68,000
+ Estimated SAV $6,000

Key Features: Asian restaurant - Lower North Shore -Syd - Sales $17,000 p.w - Priced to sell!

State: NSW

Suburb: Lane Cove, 2066

Location: Well located on main street in well known village , surrounded by residential on the Lower North Shore

Parking: Ample on street parking.

Description

Restaurant - takeaway serving Asian, Malaysian - Chinese cuisine which is well known for its specialised dishes - entrees, soups, main meals of chicken, pork , beef, seafood combinations & fish, vegetarian served with rice or noodles - cold beverages - BYO - Full commercial kitchen - 50 seats inside.

Summary

  • Features: Strong local presence with loyal customers - Well established - Only Malay restaurant in the village - High foot traffic
  • Potential: Increase trading hours - Apply for liquor license (STA) - Apply for outdoor seating - Utilise popular delivery services - Also woud suit most cuisines
  • Premises: Fully equipped commercial kitchen with cool room, ample storage with an area of 246 square metres.
  • Trading Hours: 6 days - Mon - 11 a.m - 2.30 pm - 5 pm - 9.30 pm -Wed - 11 am - 2.30 pm - 5 pm - 9.30 p.m. - Thurs. - Sat.- 11 a.m. -3 p.m. - 5 p.m - 10 p.m. -Sun.- 11.30 a.m - 2.30 p.m - 5 p.m - 9.30 p.m.
  • Lease: Current lease expires September. 2022 with an option of 5 years - CPI increases, 3 month bond
  • Employees: 1 Manager (Wage shown in profit) + 2 full timers + 1 casual + 1 driver
  • Sale Reason: Family reasons
  • Comments: Mis 1 - Other General expenses - A must to inspect but please visit very discretely and do not approach any staff or owners - The Managers wage of $1,300 p.w. has been removed from wages and shown in net profit as for an owner operator
    Contact your broker for more details.

Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale. 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

$5,400

Gross Profit

$11,600

Rent (ex GST)

$1,863

Wages

$5,300

Outgoings

$170

Telephone

$25

Electricity

$200

Gas

$180

Misc1

$287

Total Expenses

$8,025

Estimated Stock (Additional)

$6,000

Net Profit

$3,575

Price

$68,000
+ Estimated SAV $6,000

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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.