Visit this listing at https://www.sbx.com.au/business?id=W1735

Business Code: W1735

Key Features: Restaurant - Chinese Cuisine - North West Shopping Centre - Takings $23,433 p.w.

State: NSW

Location: Situated in major shopping centre in North West Sydney.

Description

Restaurant - takeaway serving a wide range of Chinese cuisine including seafood, BBQ, rice dishes, sides, beef, pork, chicken, vegetables, stir fried noodles, special fried rice, soups and hot pots. - 81 seats inside.

Summary

  • Features: Established 20 yrs, - Good reputation - Strong lunch and dinner trade. - Many customers are University students - Situated in one of the biggest shopping centres in Sydney - Very stable business. - Very well known
  • Potential: Owner operators would save on wages and increase sales. - Promote social media presence - Expand on home delivery and catering.
  • Premises: This business has a total area of 79 sq.mts. with excellent kitchen equipment and fit out and an area of 35 sq. mts.
  • Trading Hours: 7 days - Mon. - Thurs. - Sun. - 9:00 a.m. - 7:00 p.m. - Fri. & Sat. - 9:00 a.m. - 10:00 p.m.
  • Lease: Current lease expires 9th July, 2024 - 3 month bond - Rent increase 5% per year.
  • Employees: Under management - 2 fulltimers + 2 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$23,433

Cost of Goods

$6,092

Gross Profit

$17,341

Rent

$6,141

Wages

$5,760

Insurance

$44

Electricity

$220

Gas

$300

Total Expenses

$12,465

Estimated Stock (Additional)

$10,000

Net Profit

$4,876

Price

$399,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Chinese Cuisine

Business Code: W1735
Price: $399,000

Key Features: Restaurant - Chinese Cuisine - North West Shopping Centre - Takings $23,433 p.w.

State: NSW

Location: Situated in major shopping centre in North West Sydney.

Description

Restaurant - takeaway serving a wide range of Chinese cuisine including seafood, BBQ, rice dishes, sides, beef, pork, chicken, vegetables, stir fried noodles, special fried rice, soups and hot pots. - 81 seats inside.

Summary

  • Features: Established 20 yrs, - Good reputation - Strong lunch and dinner trade. - Many customers are University students - Situated in one of the biggest shopping centres in Sydney - Very stable business. - Very well known
  • Potential: Owner operators would save on wages and increase sales. - Promote social media presence - Expand on home delivery and catering.
  • Premises: This business has a total area of 79 sq.mts. with excellent kitchen equipment and fit out and an area of 35 sq. mts.
  • Trading Hours: 7 days - Mon. - Thurs. - Sun. - 9:00 a.m. - 7:00 p.m. - Fri. & Sat. - 9:00 a.m. - 10:00 p.m.
  • Lease: Current lease expires 9th July, 2024 - 3 month bond - Rent increase 5% per year.
  • Employees: Under management - 2 fulltimers + 2 casuals
  • Sale Reason: Private reasons
  • Comments: Current owner invested $400,000 in extra shop fit-out in 2017 - Rent includes all outgoings. - Owner does not work in the business and just does bookwork - Financials, sales records on POS machine system available. - There are 2 shops available by the same owner - see also W1734 - Motivated vendor. - A must inspection but please be discreet when visiting the business.

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)

$23,433

Cost of Goods

$6,092

Gross Profit

$17,341

Rent (ex GST)

$6,141

Wages

$5,760

Insurance

$44

Electricity

$220

Gas

$300

Total Expenses

$12,465

Estimated Stock (Additional)

$10,000

Net Profit

$4,876

Price

$399,000

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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.