Restaurant- Chinese Cuisine

For Sale

·
Upper North Shore

Business Code: FN1296SM

$320,000
+ Estimated Stock (SAV) $30000
Key Features: Local customer base. - High profit margins. - Perfect location- Unique market position- Outstanding reputation- Top qualtiy setup- Spacious premises
State: NSW
Suburb: Upper North Shore
Location: Prime position in a shopping centre in the prestigious Upper North Shore, attracting both loyal locals and new customers.
Premises: This restaurant occupies an area of approximately 350 sq.m with a commercial kitchen and high-quality full fit-out.
Price not disclosed

No data

·

No data

·

No data

Retirement

Sale Reason

No year data

Established

Plenty of parking available at the shopping centre

Parking

1 owner + 6 full timers + 8 casuals

Employees

7 days - Lunch: Monday to Friday: 11 am to 3 pm. Saturday & Sunday: 10:30 am to 3 pm. Dinner: Monday to Sunday: 5 pm to 9 pm.

Trading Hours

5 years lease commenced July 2022. Bond ($94,317), CPI+2.5% increases per year

Lease

Chinese cuisine restaurant offering a truly exquisite dining experience. Known for its diverse menu and authentic flavours, it caters to all tastes with an extensive selection of Chinese dishes, including seafood specialties, daily Yum Cha, signature Peking duck, sang chow bow, meat dishes, vegetarian options, and specialty creations.- Fully equipped commercial kitchen with high-grade appliances, including a roast duck oven, live fish tanks, and a cool room, spacious dining area with 130 seats inside and 68 seats outside. – Fully licensed.

Features

Local customer base. - High profit margins. - Perfect location- Unique market position- Outstanding reputation- Top qualtiy setup- Spacious premises

Potential

Extend to sell BBQ products as takeaway -Introduce an afternoon tea set (2 pm–4 pm).-Launch a frozen foods line. -Add catering services - Promote corporate functions and parties

Comments

This well-established restaurant is ready for continued success under new ownership, with all the essentials in place to thrive in a competitive market.- Misc.- 1- other costs - Inspection recommended. - Please refrain from speaking to shop staff or disclosing the purpose of your visit when inspecting the business to maintain confidentiality and operational discretion.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$48000
Cost of Goods
$13000
Gross Profit
$35000
Rent
$7100
Wages
$20000
Telephone
$60
Insurance
$240
Electricity
$700
Misc 1
$460
Total Expenses
$29600
Estimated Stock
(Additional)
$30000
Net Profit
$5400
Price
$320,000
+ Estimated Stock (SAV) $30000
Price
$320,000
+ Estimated Stock (SAV) $30000
Contact Us

Featured Businesses For Sale

  • Supermarket – Retail – Asian Groceries

    North West Sydney

    NSW

    Net Profit: $4000

    Code: FN1354

    $300,000

  • Cards – Gifts – Retail – Online

    Upper North Shore

    NSW

    Code: SFD1088

    $55,000

  • Restaurant – Vietnamese Cuisine

    Inner West

    NSW

    Net Profit: $10892

    Code: W1987

    $285,000

Related Businesses For Sale

  • Takeaway – Restaurant – Franchise

    Upper North Shore

    NSW

    Net Profit: $4152

    Code: W1991

    $189,000

  • Restaurant – Japanese Charcoal BBQ

    Inner West

    NSW

    Net Profit: $5624

    Code: W1992

    $189,000

  • Restaurant – Japanese Cuisine – Takeaway

    Eastern Suburbs

    NSW

    Net Profit: $5500

    Code: FN1355

    $330,000

  • Restaurant – Vietnamese Cuisine

    Inner West

    NSW

    Net Profit: $10892

    Code: W1987

    $285,000

  • Restaurant – Japanese Cuisine – Sushi Train- Takeaway

    South West Sydney

    NSW

    Net Profit: $4000

    Code: FN1351

    $65,000

  • Restaurant – Franchise – Profitable – Under Management

    Victoria East

    VIC

    Net Profit: $5522

    Code: PM1084

    $595,000