Visit this listing at https://www.sbx.com.au/business?id=SM1478

Business Code: SM1478

Key Features: Very profitable restaurant - Local icon.

State: NSW

Location: Top location in a very busy shopping street with huge volume of pedestrians all day in Sydney Lower North Shore.

Description

Restaurant serving Seafood and Chinese cuisine including Yum Cha at lunch & seafood mains etc. - Full sized commercial kitchen with walk in cool room .- Live seafood tank.- Excellent designed dining area is perfect for family, corporate or private events.- 200 seats. - Licenced. - Rent includes outgoings. . Business sale includes the website.

Summary

  • Features: Massive weekly sales. - Very well established. - Loyal clientele. - Local icon in the area. - Outstanding presentation. - Very stable business. - Solid and profitable.- Long term lease
  • Potential: Suit family or partnership operators. -Promote more weddings & private functions.- Could do more promotion to increase even higher sales.
  • Premises: This seafood restaurant has an area of 540 sq.mts with near new excellent state of the art quality fitout.
  • Trading Hours: 7 days. - Lunch: Mon. - Fri: 11:00 a.m. - 3:00 p.m. Sat. - Sun: 10:30 a.m. - 3:00 p.m. - Dinner: Mon - Sun. 5:30 p.m. - 10:30 p.m.
  • Lease: 15 years + 5 year lease commenced February, 2013 - 3.5% annual increases. - 3 months bond.
  • Employees: Owner (admin work only) + Manager +16 fulltimers + 25 casuals.
  • Comments: One of the best Chinese restaurants in Sydney in one of the busiest locations. - Please do not approach and speak to shop staff. - Inspection by appointment only. - 2 page confidential agreement form needs to be signed in face to face then the business name and address will be released. - Private collections of calligraphy and painting are not included in the sale of the business. - Full figures and details of business will be discussed during the meeting. - Rock Solid Investment. Very profitable.

Weekly Summary

Rent

$11,280

Estimated Stock (Additional)

$150,000

Price

$1,280,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Chinese Seafood Cuisine

Business Code: SM1478
Price: $1,280,000

Key Features: Very profitable restaurant - Local icon.

State: NSW

Location: Top location in a very busy shopping street with huge volume of pedestrians all day in Sydney Lower North Shore.

Description

Restaurant serving Seafood and Chinese cuisine including Yum Cha at lunch & seafood mains etc. - Full sized commercial kitchen with walk in cool room .- Live seafood tank.- Excellent designed dining area is perfect for family, corporate or private events.- 200 seats. - Licenced. - Rent includes outgoings. . Business sale includes the website.

Summary

  • Features: Massive weekly sales. - Very well established. - Loyal clientele. - Local icon in the area. - Outstanding presentation. - Very stable business. - Solid and profitable.- Long term lease
  • Potential: Suit family or partnership operators. -Promote more weddings & private functions.- Could do more promotion to increase even higher sales.
  • Premises: This seafood restaurant has an area of 540 sq.mts with near new excellent state of the art quality fitout.
  • Trading Hours: 7 days. - Lunch: Mon. - Fri: 11:00 a.m. - 3:00 p.m. Sat. - Sun: 10:30 a.m. - 3:00 p.m. - Dinner: Mon - Sun. 5:30 p.m. - 10:30 p.m.
  • Lease: 15 years + 5 year lease commenced February, 2013 - 3.5% annual increases. - 3 months bond.
  • Employees: Owner (admin work only) + Manager +16 fulltimers + 25 casuals.
  • Comments: One of the best Chinese restaurants in Sydney in one of the busiest locations. - Please do not approach and speak to shop staff. - Inspection by appointment only. - 2 page confidential agreement form needs to be signed in face to face then the business name and address will be released. - Private collections of calligraphy and painting are not included in the sale of the business. - Full figures and details of business will be discussed during the meeting. - Rock Solid Investment. Very profitable.

Weekly Summary

Rent (ex GST)

$11,280

Estimated Stock (Additional)

$150,000

Price

$1,280,000

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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.