Restaurant – Chinese Cuisine

For Sale

·
City Fringe

Business Code: G1790

$140,000.00
Key Features: Very busy area with lots of International students. Well established business - No competition for late night dining. - Great fit out. - Large well equipped kitchen.
State: NSW
Suburb: Waterloo
Location: Well located in City fringe with multiple high density residential apartments and is an international student area. Prime location on the main street.
Premises: This restaurant has an area of 138 sq. mts, of which more than 40 sq. mts. is the kitchen and the rest is divided into two parts the inner and outer dining areas with a very good ambiance.
Price not disclosed

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Health reasons, owner has other businesses & no time to take care of this business.

Sale Reason

2021

Established

Indoor parking

Parking

1 owner (part time) + 4 casuals (as required)

Employees

7 days - 2 pm to 2 am.

Trading Hours

5 year + 5 year lease expires 2031. - 3 month bond. - 3% annual Increases.

Lease

Restaurant serving Chinese cuisine – Cumin and Chilli-Spiced Skewers. Well known for the Xinjiang-style lamb and beef skewers fired over hot coals There are also pippies with XO, lobster and a Sichuan-style grilled barramundi hotpot with tofu and lotus root. Pair it all with jugs of Asahi or Chinese beer. Full kitchen & walk in cool room – 35 seats inside – 25 outside.

Features

Very busy area with lots of International students. Well established business - No competition for late night dining. - Great fit out. - Large well equipped kitchen.

Potential

New owner operator could increase sales & reduce wages to increase profits. - A new owner could operate with a different cuisine. - Could change opening hours.

Comments

Please NOTE that the name of the business is not included in the sale of this business as the owner has 2 other outlets. - Misc.- 1 - GST and other expenses.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$22000
Cost of Goods
$6500
Gross Profit
$15500
Rent
$2241
Wages
$6500
Telephone
$25
Insurance
$100
Electricity
$300
Misc 1
$1034
Total Expenses
$10500
Equipment
(Included)
$120000
Net Profit
$5000
Price
$140,000.00
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