Restaurant - Chinese Cuisine - W1898

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$129,000

Description

Restaurant serving Chinese cuisine - Lunch specials include sweet and sour pork, chilli garlic chicken, black bean sauce noodles, fried prawns in sweet and spicy sauce, stir fried meat, spicy seafood noodle soup, mild vegetable noodle soup, etc - 25 tasty dishes - 24 seats inside - 40 seats outside - Full commercial kitchen including fridges, freezers, gas cooker etc. Liquor license until 11:00 p.m.

Potential

Experienced owner couple or partner could expect the same high net profit. Very low food costs. Spacious area for more tables and chairs in and outside. - Can be changed to cafe or other food cuisine such as Thai, Korean, Japanese etc.

Features

Excellent shop fittings and near new high quality kitchen equipment. A good size restaurant on main eatery road. . Shop front bright glass wall.

Premises

This beautiful near new shop has an area of 150 sq. mts.

Location

Situated in cafe, restaurant strip close to shopping centre in Inner West.

Trading Hours

Open 6 days - Monday to Saturday: 10:00 am to 9:30 pm. Closed Sunday.

Lease

Current lease expires February 2028 - 4% rent increases - 3 months bond.

Employees

Family business ( Father, mother, daughter and son)

Comments

SBX ID

W1898

Figures
  • Takings: $21000/week (GST)
  • Cost of Goods: $5000
  • Gross Profit: $16000
  • Rent: $2975
  • Electricity: $269
  • Gas: $143
  • Misc 1: $44
  • Total Expenses: $3431
  • Nett Profit: $12569
  • Estimated Stock (Additional): $4000
  • All other values ex GST
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