Visit this listing at https://www.sbx.com.au/business?id=SM1446

Business Code: SM1446

Key Features: Chinese Restaurant - Sales $40,000 pw - Under Semi Management - South Syd NSW - Profit $10500 p.w

State: NSW

Suburb: South Sydney

Location: Situated in very busy foot traffic shopping street of suburb in South Sydney area.

Description

Restaurant - cafe serving Hong Kong style Chinese cuisine including noodles, rice, coffee, milk tea, drinks etc. - Full kitchen with cool room. - 130 seats.

Summary

  • Features: Great location. - Well known by locals. - Under semi -- management. - Low rent. - No competition. - Solid income. - First time on the market.
  • Potential: Suit experienced operators or investors. -Improve social media presence. - Growth area.
  • Premises: Well presented with an area of approx. 350m2 over two levels plus 40 sq.mt. store area and office.
  • Trading Hours: 7 days - Mon. - Fri. - 10 a.m.- 10 p.m. - Sat. - Sun. - 9 a.m.- 10 p.m.
  • Lease: 3 + 3 year lease commenced June,2015. - 4% annual increases - . 3 month bond. - New 3 + 3 or 5 + 5 year lease lease should be offered.
  • Employees: Owner (works 5 days) + 17 - 20 staff.
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$40,000

Cost of Goods

$10,000

Gross Profit

$30,000

Rent

$2,530

Wages

$13,500

Outgoings

$130

Electricity

$530

Gas

$710

Misc1

$530

Misc2

$1,570

Total Expenses

$19,500

Estimated Stock (Additional)

$25,000

Net Profit

$10,500

Price

$628,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Cafe - Restaurant - Chinese Cuisine

Business Code: SM1446
Price: $628,000

Key Features: Chinese Restaurant - Sales $40,000 pw - Under Semi Management - South Syd NSW - Profit $10500 p.w

State: NSW

Suburb: South Sydney

Location: Situated in very busy foot traffic shopping street of suburb in South Sydney area.

Description

Restaurant - cafe serving Hong Kong style Chinese cuisine including noodles, rice, coffee, milk tea, drinks etc. - Full kitchen with cool room. - 130 seats.

Summary

  • Features: Great location. - Well known by locals. - Under semi -- management. - Low rent. - No competition. - Solid income. - First time on the market.
  • Potential: Suit experienced operators or investors. -Improve social media presence. - Growth area.
  • Premises: Well presented with an area of approx. 350m2 over two levels plus 40 sq.mt. store area and office.
  • Trading Hours: 7 days - Mon. - Fri. - 10 a.m.- 10 p.m. - Sat. - Sun. - 9 a.m.- 10 p.m.
  • Lease: 3 + 3 year lease commenced June,2015. - 4% annual increases - . 3 month bond. - New 3 + 3 or 5 + 5 year lease lease should be offered.
  • Employees: Owner (works 5 days) + 17 - 20 staff.
  • Sale Reason: Owners retirement.
  • Comments: Misc.- 1. - Water rates. - Manager's wage of $1500 p.w. added back to nett profit as for two working owners.. - Please do not approach or speak to shop staff. - Inspection by appointment only.

Weekly Summary

Weekly Takings
(inc GST)

$40,000

Cost of Goods

$10,000

Gross Profit

$30,000

Rent (ex GST)

$2,530

Wages

$13,500

Outgoings

$130

Electricity

$530

Gas

$710

Misc1

$530

Misc2

$1,570

Total Expenses

$19,500

Estimated Stock (Additional)

$25,000

Net Profit

$10,500

Price

$628,000

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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.