Visit this listing at https://www.sbx.com.au/business?id=W1567

Business Code: W1567

Key Features: Good business

State: NSW

Suburb: Lidcombe, 2141

Location: Situated on busy main shopping road close to train station.

Description

Restaurant specialising in Korean /Chinese cuisine including noodles, sweet & sour pork or beef, stir fried seafood, yuringi, chicken in spicy sauce, tofu salad etc. - 42 seats inside - Fully licensed with liquor license until 10:00 p.m

Summary

  • Features: Location - Location. - Excellent kitchen equipment. - Good reputation.
  • Potential: Experienced couple could save on wages.- Suit family business. - Can extend opening hours 7 days.
  • Premises: This business has an area of 100 sq.mts.
  • Trading Hours: 6 days - Mon. - Sun. - 11:00 a.m. - 4:00 p.m. - 5:00 p.m. - 10:00 p.m. - Closed Thursday.
  • Lease: 5 years + 5 year lease from 2014 - 3 months bond - annual rental increases of 4%
  • Employees: 4 fulltimers + 2 casuals + owner (Manager only)
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$25,000

Cost of Goods

$8,000

Gross Profit

$17,000

Rent

$1,469

Wages

$5,200

Outgoings

$150

Electricity

$250

Gas

$350

Misc1

$1,200

Total Expenses

$8,619

Estimated Stock (Additional)

$10,000

Net Profit

$8,381

Price

$310,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Korean - Chinese Cuisine

Business Code: W1567
Price: $310,000

Key Features: Good business

State: NSW

Suburb: Lidcombe, 2141

Location: Situated on busy main shopping road close to train station.

Description

Restaurant specialising in Korean /Chinese cuisine including noodles, sweet & sour pork or beef, stir fried seafood, yuringi, chicken in spicy sauce, tofu salad etc. - 42 seats inside - Fully licensed with liquor license until 10:00 p.m

Summary

  • Features: Location - Location. - Excellent kitchen equipment. - Good reputation.
  • Potential: Experienced couple could save on wages.- Suit family business. - Can extend opening hours 7 days.
  • Premises: This business has an area of 100 sq.mts.
  • Trading Hours: 6 days - Mon. - Sun. - 11:00 a.m. - 4:00 p.m. - 5:00 p.m. - 10:00 p.m. - Closed Thursday.
  • Lease: 5 years + 5 year lease from 2014 - 3 months bond - annual rental increases of 4%
  • Employees: 4 fulltimers + 2 casuals + owner (Manager only)
  • Sale Reason: Private reasons
  • Comments: Good reputation and always busy. - 2016 sales were $1.25million - Net profit based on one owner working.

Weekly Summary

Weekly Takings
(inc GST)

$25,000

Cost of Goods

$8,000

Gross Profit

$17,000

Rent (ex GST)

$1,469

Wages

$5,200

Outgoings

$150

Electricity

$250

Gas

$350

Misc1

$1,200

Total Expenses

$8,619

Estimated Stock (Additional)

$10,000

Net Profit

$8,381

Price

$310,000

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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.