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
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