Chinese Cuisine – Restaurant

For Sale

·
South Coast

Business Code: SM1247

$188,000
+ Estimated Stock (SAV) $40000
Key Features: Excellent street front location with ample parking. - Very profitable. - Low rent.
State: NSW
Suburb: Vincentia
Location: Situated at large local shopping centre facing car park and street in Wollongong Illawarra area.
Premises: This business has an area of 200 sq.mts. and was recently refurbished in year 2019 at a cost over $150,000.

Moving back to Sydney.

Sale Reason

1986

Established

Shopping centre parking.

Parking

2 owners + 2 fulltimers + casuals

Employees

7 days - 11:30 a.m. - 10:30 p.m.

Trading Hours

7 year lease expires March. 2027. - 3% C.P.I. increases. - 3 months bond.

Lease

Restaurant serving Chinese cuisine, chicken, beef, soup, liquor and soft drinks etc. – Full kitchen – Large dining area with 120 seats. – walk-in cool room. – Full kitchen. – Licenced

Features

Excellent street front location with ample parking. - Very profitable. - Low rent.

Potential

Could add live seafood. -Suit owner operator or investor. - Do promotions to develop home delivery..

Comments

Very profitable. Rent includes all outgoings and water. -Misc. -1 - Admin, Accountant, repairs etc. This business can do employer sponsorship for the staff.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$17000
Cost of Goods
$5800
Gross Profit
$11200
Rent
$1500
Wages
$2500
Telephone
$50
Insurance
$85
Electricity
$260
Misc 1
$400
Total Expenses
$4990
Estimated Stock
(Additional)
$40000
Net Profit
$6210
Price
$188,000
+ Estimated Stock (SAV) $40000
Price
$188,000
+ Estimated Stock (SAV) $40000
Contact Us

Featured Businesses For Sale

  • Supermarket – Retail – Asian Groceries

    North West Sydney

    NSW

    Net Profit: $4000

    $300,000

    Code: FN1354

  • Cards – Gifts – Retail – Online

    Upper North Shore

    NSW

    $55,000

    Code: SFD1088

  • Restaurant – Vietnamese Cuisine

    Inner West

    NSW

    Net Profit: $4892

    $285,000

    Code: W1987

Related Businesses For Sale

  • Indian – Restaurant – Takeaway – Bar

    Upper North Shore

    NSW

    Net Profit: $7080

    $950,000

    Code: SFD1091

  • Restaurant – Korean Cuisine

    Sydney CBD

    NSW

    Net Profit: $12500

    $400,000

    Code: FN1362

  • Thai Cafe – Restaurant

    Central Coast NSW

    NSW

    Net Profit: $4110

    $140,000

    Code: FW1094

  • Restaurant – Korean Cuisine

    Lower North Shore

    NSW

    Net Profit: $4400

    $280,000

    Code: FN1359

  • Commercial Training Kitchen – Catering – Restaurant

    City Fringe

    NSW

    $195,000

    Code: G1815

  • Restaurant – Japanese BBQ

    Upper North Shore

    NSW

    Net Profit: $4600

    $270,000

    Code: FN1358