Restaurant – Chinese Cuisine -Takeaway

For Sale

·
Eastern Suburbs Sydney

Business Code: M2288

$49,000
+ Estimated Stock (SAV) $1200
Key Features: Long established. - Well known by locals. -High quality food with high margins. - Cheap rent with long lease. -Short trading hours (5 dinners only). - Great growth opportunity. - Well priced for quick sell.
State: NSW
Suburb: Maroubra
Location: Situated on level 1 of shopping village in Sydney Eastern Suburbs close to beach.
Premises: Well presented shop with an area approx. 80 sqm with large commercial kitchen.

Health and retirement

Sale Reason

Many years

Established

Free shopping centre parking

Parking

2 owners plus 1 part time staff

Employees

5 dinners - Wednesday to Sunday: 5 pm to 9:30 pm.

Trading Hours

5 + 3 + 3 years lease commenced 2019. - New longer lease available - . 4% annual increases. - 3 months bond.

Lease

Chinese restaurant / takeaway serving delicious genuine Chinese dishes including varieties of stir fried chicken, beef, pork, seafood and vegetables with satay, curry, chilli garlic, sweet and sour, chilli basil etc. combinations. – Fully equipped kitchen. – Currently only open 5 dinners with short trading hours 5 p.m. – 9:30 p.m. – 30 seats inside and 40 seats can be placed outside if desired. The business has own website to take orders. Also nearly half revenue is home delivery though Uber and Doordash platforms.

Features

Long established. - Well known by locals. -High quality food with high margins. - Cheap rent with long lease. -Short trading hours (5 dinners only). - Great growth opportunity. - Well priced for quick sell.

Potential

Huge potential to increase sales and profit. Could open 7 days lunch and dinners as the vendor was doing before when the takings reached more $10,000 per week. - After operation one year ago, the vendor only opens 5 dinners with short trading hours due to health reasons now. - Could change to different cuisine such as Thai, Korean, Vietnamese etc. Asian food.

Comments

The rent includes all outgoings. - Misc.- 1 - Refers to home delivery average commission - Keen vendor urgent sale due to health reasons. - All reasonable offers will be considered.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$6000
Cost of Goods
$1200
Gross Profit
$4800
Rent
$923
Wages
$750
Telephone
$20
Insurance
$30
Electricity
$80
Misc 1
$915
Total Expenses
$2800
Estimated Stock
(Additional)
$1200
Net Profit
$2000
Price
$49,000
+ Estimated Stock (SAV) $1200
Price
$49,000
+ Estimated Stock (SAV) $1200
Contact Us

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