Restaurant – Chinese Cuisine – Takeaway – Under Management

For Sale

·
Upper North Shore

Business Code: SM1516

$320,000
+ Estimated Stock (SAV) $35000
Key Features: Good location. Regular customers. Well known to locals. Walk-in cool room. Fully licensed. Open 7 days. - Under Management
State: NSW
Suburb: St Ives
Location: Best location in shopping centre in the Upper North Shore facing open space car park.
Premises: Business with state of the art fit out with top quality equipment and an area of approx. 150 sq. mts.

Family reasons.

Sale Reason

Shopping centre parking plus ample Council car park.

Parking

Under Management - Owner (admin only) + 6 full time staff + 2 casuals.

Employees

7 days. - Lunch: 11:30 am to 3:00 pm. Dinner: 5:00 pm to 9:00 pm.

Trading Hours

Current lease expires March 2028. Currently 4% annual rental increases until October 2026 then 5%. - 3 months Bank guarantee.

Lease

Restaurant – takeaway serving authentic Chinese cuisine, specialising in Hong Kong style food with daily Yum Cha. The menu includes entrees, soup, king prawns, seafood, beef, chicken, pork, Peking duck, vegetarian, noodles etc. Also does specialty creations. All food is prepared fresh and tastes delicious. Fully equipped kitchen with large cool room. Well known within the local community for great traditional food and service. Also does home delivery. – Licensed and BYO. – 112 seats.

Features

Good location. Regular customers. Well known to locals. Walk-in cool room. Fully licensed. Open 7 days. - Under Management

Potential

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

Comments

Misc.- 1-Refers to bank fees and other general business expenses. Owner will provide full training. Quick sale needed. Motivated vendor - a must inspection. Staff are not aware. Inspections only through your SBX broker.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$35000
Cost of Goods
$11500
Gross Profit
$23500
Rent
$4389
Wages
$11900
Telephone
$20
Insurance
$155
Electricity
$420
Misc 1
$150
Total Expenses
$17947
Estimated Stock
(Additional)
$35000
Net Profit
$5553
Price
$320,000
+ Estimated Stock (SAV) $35000
Price
$320,000
+ Estimated Stock (SAV) $35000
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