Chinese Cuisine – Restaurant

For Sale

·
Lower North Shore

Business Code: SM1487

$180,000.00
+ Estimated Stock (SAV) $25000
Key Features: Very well established. - Loyal clientele. - Very stable business. - Solid and profitable.- Long term lease. - Low rent
State: NSW
Suburb: Chatswood
Location: Top location in a very busy shopping street with huge volume of pedestrians all day in Sydney Lower North Shore.
Premises: This restaurant has an area of approx. 250 sq.mts. with near new excellent state of the art quality full fit out over two levels.
Price not disclosed

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Planning to semi retire.

Sale Reason

2017

Established

One garage plus one car space in lease.

Parking

2 owners + 2 full timers + 3 casuals.

Employees

6 days. Tuesday to Sunday: 11:30 am to 2:30 pm & 5:30 pm to 9:30 pm. Monday closed.

Trading Hours

4 + 4 year lease commenced from July 2017 - Expires 15th July 2025. - 4% annual increases. - 3 months bank guarantee.

Lease

Restaurant serving Chinese Peking style cuisine – Good sized commercial kitchen with walk in cool room. – Live seafood tank.- Excellent designed dining area is perfect for family, corporate or private events.- 80 seats. – Group level 50 seats approx. and upper level 30 seats. – Licenced.

Features

Very well established. - Loyal clientele. - Very stable business. - Solid and profitable.- Long term lease. - Low rent

Potential

Suit family or partnership operators. -Promote more Birthday & private functions.

Comments

A very profitable trading 6 days business. - All figures on the books will be shown in the meeting. - Misc.- 1 - allowance for general expenses with garbage clearance and water used.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$29000
Cost of Goods
$11000
Gross Profit
$18000
Rent
$1385
Wages
$6200
Telephone
$30
Insurance
$315
Electricity
$380
Misc 1
$320
Total Expenses
$9255
Estimated Stock
(Additional)
$25000
Net Profit
$8745
Price
$180,000.00
+ Estimated Stock (SAV) $25000
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