Lower North Shore
NSW
$280,000
Restaurant - Chinese Cuisine - Takeaway - Under ManagementPrice: $320,000Net Profit: $5,553 |
Visit this listing at https://www.sbx.com.au/business?id=SM1516 |
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Business Code: SM1516 Key Features: Chinese cuisine restaurant - Takeaway - Netting over $5,000 p.w. State: NSW Location: Best location in shopping centre in the Upper North Shore facing open space car park. DescriptionRestaurant - takeaway serving authentic Chinese cuisine, specialising in Hong Kong style food with daily Yum Cha. The menu includes entrees, soup, king prawns, seafood, beef, chicken, pork, Peking duck, vegetarian, noodles etc. Also does specialty creations. All food is prepared fresh and tastes delicious. Fully equipped kitchen with large cool room. Well known within the local community for great traditional food and service. Also does home delivery. - Licensed and BYO. - 112 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)$35,000Cost of Goods$11,500Gross Profit$23,500Rent$4,389Wages$11,900Outgoings$563Telephone$20Insurance$155Electricity$420Gas$350Misc1$150Total Expenses$17,947Estimated Stock (Additional)$35,000Net Profit$5,553Price$320,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Restaurant - Chinese Cuisine - Takeaway - Under Management
Business Code: SM1516Price: $320,000
+ Estimated Stock (SAV) $35,000
Key Features: Chinese cuisine restaurant - Takeaway - Netting over $5,000 p.w.
State: NSW
Location: Best location in shopping centre in the Upper North Shore facing open space car park.
Business Overview
Restaurant - takeaway serving authentic Chinese cuisine, specialising in Hong Kong style food with daily Yum Cha. The menu includes entrees, soup, king prawns, seafood, beef, chicken, pork, Peking duck, vegetarian, noodles etc. Also does specialty creations. All food is prepared fresh and tastes delicious. Fully equipped kitchen with large cool room. Well known within the local community for great traditional food and service. Also does home delivery. - Licensed and BYO. - 112 seats.
Summary
- Key Features: Good location. Regular customers. Well known to locals. Walk-in cool room. Fully licensed. Open 7 days. - Under Management
- Potential: A hands on full time owner operator could save on wages and make more profit. Promote on social media to boost sales.
- Premises: Business with state of the art fit out with top quality equipment and an area of approx. 150 sq. mts.
- Trading Hours: 7 days. - Lunch: 11:30 am to 3:00 pm. Dinner: 5:00 pm to 9:00 pm.
- Lease: Current lease expires March 2028. Currently 4% annual rental increases until October 2026 then 5%. - 3 months Bank guarantee.
- Employees: Under Management - Owner (admin only) + 6 full time staff + 2 casuals.
- Sale Reason: Family reasons.
- Comments: Misc.- 1-Refers to bank fees and other general business expenses. Owner will provide full training. Quick sale needed. Motivated vendor - a must inspection. Staff are not aware. Inspections only through your SBX broker.
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
$35,000
Cost of Goods
$11,500
Gross Profit
$23,500
Rent (ex GST)
$4,389
Wages
$11,900
Outgoings
$563
Telephone
$20
Insurance
$155
Electricity
$420
Gas
$350
Misc1
$150
Total Expenses
$17,947
Estimated Stock (Additional)
$35,000
Net Profit
$5,553
Price
$320,000
+ Estimated Stock (SAV) $35,000
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.