Chinese Restaurant - Takeaway - Under Management

Business Code: M1993


Key Features: Good lease

State: NSW

Location: Situated under high rise apartments in City Fringe close to Sydney University.

Description

Restaurant serving Chinese cuisine and focusing on home delivery through APP internet order system - 70% of sales are takeaway and 30% of retail sales are for local residents. - Has a large central kitchen to process orders - 80 seats

Summary

  • Features: Long lease with low rent. - Huge growing opportunity. - Well priced.

  • Potential: This young business has a great potential to grow - Could expand catering business. - Could add more internet order systems, such as Menulog, UberEats etc. - Do local marketing to increase retail sales.

  • Premises: Newly renovated shop with an area of approx. 100 m2 plus large outdoor seating area.

  • Trading Hours: 7 days: 11:30 a.m.- 3 p.m. - 5 p.m.- 9:30 p.m. -

  • Lease: 5 + 5 year lease commenced Oct 2017. - First 5 years no rent increases - First 3 years has one month rent free for each year. - 3 months bond.

  • Employees: Under Management - 2 x chefs plus 5 x casuals

  • Comments: The rent includes all outgoings. - Must be sold.

Weekly Summary

Weekly Takings
(inc GST)

$14,000

Cost of Goods

$4,600

Gross Profit

$9,400

Rent

$1,020

Wages

$3,500

Telephone

$20

Insurance

$40

Electricity

$140

Gas

$60

Total Expenses

$4,780

Estimated Stock (Additional)

$3,000

Net Profit

$4,620

Price

$198,000

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