Chinese Cuisine - Restaurant - SM1487

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$150,000

Description

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.

Potential

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

Features

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

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.

Location

Top location in a very busy shopping street with huge volume of pedestrians all day in Sydney Lower North Shore.

Trading Hours

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

Lease

4 + 4 year lease commenced from July 2017 - Expires 15th July 2025. - 4% annual increases. - 3 months bank guarantee. New lease available for the new buyer.

Employees

2 owners + 2 full timers + 3 casuals.

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.

SBX ID

SM1487

Figures
  • Takings: $29000/week (GST)
  • Cost of Goods: $11000
  • Gross Profit: $18000
  • Rent: $1385
  • Wages: $6200
  • Outgoings: $130
  • Telephone: $30
  • Insurance: $315
  • Electricity: $380
  • Gas: $460
  • Misc 1: $320
  • Total Expenses: $9255
  • Nett Profit: $8745
  • Estimated Stock (Additional): $25000
  • All other values ex GST
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