Restaurant – Takeaway – Chinese & Asian Cuisine

For Sale

·
Sydney CBD

Business Code: M2226

$450,000.00
+ Estimated Stock (SAV) $4000
Key Features: Top and best location in Sydney business centre. New and excellent fit out. 7 years long lease. Run under management. 5 days with short trading hours. Great growth potential.
State: NSW
Suburb: Sydney
Location: Top location in one of the best Sydney CBD food courts surrounded by high rise office buildings and top hotel.
Premises: Brand new shop with beautiful presence and lovely ambiance with a total area approx. 130 m2 including commercial kitchen plus outside seating area.
Price not disclosed

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Involved in too many businesses.

Sale Reason

Aug, 2023

Established

Parking centres nearby

Parking

Fully under management- One manager + two chefs + 2-3 casuals

Employees

5 days - Monday to Friday: 11 am to 3 pm. Casually opens for dinner during Sydney festival events

Trading Hours

7 years lease commenced August 2023. 3% annual increases. 4 months bond.

Lease

Restaurant – takeaway serving tasty Chinese and Asian cuisine. The menu includes fried and steamed dumplings, dum sum, wonton, sizzling hot pan set and stir fried chicken, beef, lamb, vegetables etc. with 3 computerised customer self order platforms. – 45 seats inside and outside. Casually trading 3 nights ( Fri, Sat, and Sun -5:30 p.m.- 10 p.m. ) for Sydney festival events such as Vivid with extra income around $10,000 not included weekly takings shown on.

Features

Top and best location in Sydney business centre. New and excellent fit out. 7 years long lease. Run under management. 5 days with short trading hours. Great growth potential.

Potential

Huge potential growth for this young business. Could open breakfast and weekends. Extend home delivery. Add catering business to surrounding office buildings. A motivated owner full time working in the business could save wages and make more profit. Idea for family business.

Comments

Extremely rare opportunity to purchase a top location and highly regarded restaurant / takeaway. Suitable for investors or owner operators. Inspection is highly recommended.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$14000
Cost of Goods
$3500
Gross Profit
$10500
Rent
$1846
Wages
$4900
Telephone
$20
Insurance
$74
Electricity
$190
Total Expenses
$7110
Estimated Stock
(Additional)
$4000
Net Profit
$3390
Price
$450,000.00
+ Estimated Stock (SAV) $4000
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