Restaurant – Japanese Cuisine

For Sale

·
City Fringe

Business Code: W1972

$129,000
+ Estimated Stock (SAV) $5000
Key Features: Prime location close to many tourist hotels. Very attractive Japanese style interior. No competition. Cool room installed. Cheap rent. Stable sales.
State: NSW
Suburb: Pyrmont
Location: Situated in residential / commercial area in Sydney City Fringe.
Premises: This lovely set up Japanese Restaurant has an area of 77sqm
Price not disclosed

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Private reasons

Sale Reason

3 yrs

Established

1 car space

Parking

2 owners + 4 part timers

Employees

Open 6 days - Tuesday to Sunday: 11:30 am to 2:30 pm + 5:00 pm to 9:00 pm. Closed Monday

Trading Hours

5 yrs. + 5 yrs. from May 2023 - Bond $15,000 - Rent increases by 3.5% annually.

Lease

Japanese cuisine restaurant serving assorted sushi platters such as salmon mania roll, Philadelphia rolls, dragon roll, caterpillar roll, salmon carpaccio, scallop carpaccio, oyster sashimi, salmon & avo salad, rice paper roll, nigiri, ramen, udon, donburi and meals. – Liquor license obtained selling – wine, sake, soju, and beer – cool room installed – separate cooking area,- 32 seats inside.

Features

Prime location close to many tourist hotels. Very attractive Japanese style interior. No competition. Cool room installed. Cheap rent. Stable sales.

Potential

Huge potential - put outdoor seats 24 seats (STA) in front of the shop.- Open 7 days. - In 2030 Metro station will open in front of shop. Add takeaway menu through more home delivery.

Comments

Rent includes outgoings. - Misc.- 1 - $38 p.w. POS machine payment. Some furniture belongs to Landlord (3 stainless steel bench tops, 1 medium + 1 small drink fridge, tables, chairs.) - Home delivery( Door dash) income $400/week. - Landlord is Company managed by Real Estate Agent.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$12500
Cost of Goods
$3500
Gross Profit
$9000
Rent
$1173
Wages
$1500
Insurance
$49
Electricity
$220
Misc 1
$38
Total Expenses
$2990
Estimated Stock
(Additional)
$5000
Net Profit
$6010
Price
$129,000
+ Estimated Stock (SAV) $5000
Price
$129,000
+ Estimated Stock (SAV) $5000
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