Restaurant-Chinese Cuisine-Takeaway-Under Semi Management

For Sale

·
North West Sydney

Business Code: M2203

$350,000.00
+ Estimated Stock (SAV) $10000
Key Features: Good location. Regular customers. Well known to locals. Great food with high margins. Well priced. Quick capital return.
State: NSW
Suburb: The Ponds
Location: Prime location in major North West shopping centre.
Premises: Well presented and modern designed shop with an area of approx. 160 m2.
Price not disclosed

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Other business involvement

Sale Reason

No year data

Established

Free centre parking

Parking

One owner ( casual work in the business ) + 3 chefs, 3 kitchen hands and 5-6 casuals

Employees

7 days - Monday to Friday: 11:30 am to 2:30 pm and 5 pm to 9:30 pm. Saturday and Sunday: till 10 pm.

Trading Hours

5 years lease commenced September 2022. - 4% annual rental increases. - 3 months bond.

Lease

Restaurant serving Chinese cuisine. The menu includes entrees, soup, laksa, king prawns, seafood, beef, chicken, pork, vegetarian and noodles etc. All food is prepared fresh and tastes delicious. Well known within the local community for great traditional food and service. Also does home delivery (dinner only ) by minimum order $50 with selected areas only. 10% surcharge applies on public holidays. Full kitchen. 80 seats inside. BYO.

Features

Good location. Regular customers. Well known to locals. Great food with high margins. Well priced. Quick capital return.

Potential

A hands on full time owner operator could save on wages and make more profit. Promote on social media to boost sales. Could apply for liquor license.

Comments

The rent includes GST. - Misc.- 1-Refers to bank fees and other general business expenses. This is a great and profitable business. Keen vendor. Bargain offer for quick sale. A must to inspect.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$28000
Cost of Goods
$7500
Gross Profit
$20500
Rent
$3066
Wages
$6800
Telephone
$20
Insurance
$90
Electricity
$450
Misc 1
$200
Total Expenses
$11330
Estimated Stock
(Additional)
$10000
Net Profit
$9170
Price
$350,000.00
+ Estimated Stock (SAV) $10000
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