Visit this listing at https://www.sbx.com.au/business?id=TTQH1057D

Business Code: TTQH1057D

Key Features: Restaurant - Vietnamese - Paddington Location - Sales $24,500 p.w.

State: QLD

Suburb: Paddington, 4064

Location: Situated in a local shopping centre surrounded by high density residential in City Fringe suburb.

Description

Restaurant serving Asian - Vietnamese cuisine including noodles, rice dishes, Vietnamese style salads, rice paper rolls. - BYO license. - Spacious dining area with modern high class shop fit-out which cost over $400k.- Full commercial kitchen equipped with walk-in cold room, walk-in freezer room, wok burners, grill plates, exhaust canopy, grease traps, deep friers. - 64 seats inside - 46 seats outside.

Summary

  • Features: Very strong sales and still growing - Long lease - Popular and well-known - Great location
  • Potential: Could add website to accept online booking. - Could join online ordering systems (e.g. Menulog, Foodora) for deliveries / bookings / takeaways- Could apply Lic license to boost sales
  • Premises: This business has an area of approx. 113m2 with modern shop fit-out
  • Trading Hours: 6 days - Tues. - Sun. - 11 a.m. - 2:30 p.m. - 5 p.m. - 10 p.m.
  • Lease: Current lease expires Dec. 2022 + 5 + 5 year options - 3% increases p.a. - 3 months bond
  • Employees: 2 owners (60 hours & 30 hours) + 3 fulltime chefs + 5 parttime kitchen hands + 6 parttime waiters
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$24,500

Cost of Goods

$6,000

Gross Profit

$18,500

Rent

$1,984

Wages

$5,324

Telephone

$26

Insurance

$82

Electricity

$346

Gas

$346

Misc1

$100

Total Expenses

$8,208

Estimated Stock (Additional)

$10,000

Equipment (Included)

$200,000

Net Profit

$10,292

Price

$340,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Asian - Vietnamese Cuisine

Business Code: TTQH1057D
Price: $340,000

Key Features: Restaurant - Vietnamese - Paddington Location - Sales $24,500 p.w.

State: QLD

Suburb: Paddington, 4064

Location: Situated in a local shopping centre surrounded by high density residential in City Fringe suburb.

Description

Restaurant serving Asian - Vietnamese cuisine including noodles, rice dishes, Vietnamese style salads, rice paper rolls. - BYO license. - Spacious dining area with modern high class shop fit-out which cost over $400k.- Full commercial kitchen equipped with walk-in cold room, walk-in freezer room, wok burners, grill plates, exhaust canopy, grease traps, deep friers. - 64 seats inside - 46 seats outside.

Summary

  • Features: Very strong sales and still growing - Long lease - Popular and well-known - Great location
  • Potential: Could add website to accept online booking. - Could join online ordering systems (e.g. Menulog, Foodora) for deliveries / bookings / takeaways- Could apply Lic license to boost sales
  • Premises: This business has an area of approx. 113m2 with modern shop fit-out
  • Trading Hours: 6 days - Tues. - Sun. - 11 a.m. - 2:30 p.m. - 5 p.m. - 10 p.m.
  • Lease: Current lease expires Dec. 2022 + 5 + 5 year options - 3% increases p.a. - 3 months bond
  • Employees: 2 owners (60 hours & 30 hours) + 3 fulltime chefs + 5 parttime kitchen hands + 6 parttime waiters
  • Sale Reason: Retirement
  • Comments: Premium investment opportunity - suitable for experienced buyers - Miscell. - 1 - includes other business expenses such as accounting fees, bank charges etc. - A must inspect.

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Weekly Takings
(inc GST)

$24,500

Cost of Goods

$6,000

Gross Profit

$18,500

Rent (ex GST)

$1,984

Wages

$5,324

Telephone

$26

Insurance

$82

Electricity

$346

Gas

$346

Misc1

$100

Total Expenses

$8,208

Estimated Stock (Additional)

$10,000

Equipment (Included)

$200,000

Net Profit

$10,292

Price

$340,000

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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.