Restaurant - Chinese Cuisine - G1790

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$140,000

Description

Restaurant serving Chinese cuisine - Cumin and Chilli-Spiced Skewers. Well known for the Xinjiang-style lamb and beef skewers fired over hot coals There are also pippies with XO, lobster and a Sichuan-style grilled barramundi hotpot with tofu and lotus root. Pair it all with jugs of Asahi or Chinese beer. Full kitchen & walk in cool room - 35 seats inside - 25 outside.

Potential

New owner operator could increase sales & reduce wages to increase profits. - A new owner could operate with a different cuisine. - Could change opening hours.

Features

Very busy area with lots of International students. Well established business - No competition for late night dining. - Great fit out. - Large well equipped kitchen.

Premises

This restaurant has an area of 138 sq. mts, of which more than 40 sq. mts. is the kitchen and the rest is divided into two parts the inner and outer dining areas with a very good ambiance.

Location

Well located in City fringe with multiple high density residential apartments and is an international student area. Prime location on the main street.

Trading Hours

7 days - 2 pm to 2 am.

Lease

5 year + 5 year lease expires 2031. - 3 month bond. - 3% annual Increases.

Employees

1 owner (part time) + 4 casuals (as required)

Comments

Please NOTE that the name of the business is not included in the sale of this business as the owner has 2 other outlets. - Misc.- 1 - GST and other expenses.

SBX ID

G1790

Figures
  • Takings: $22000/week (GST)
  • Cost of Goods: $6500
  • Gross Profit: $15500
  • Rent: $2241
  • Wages: $6500
  • Outgoings: $200
  • Telephone: $25
  • Insurance: $100
  • Electricity: $300
  • Gas: $100
  • Misc 1: $1034
  • Total Expenses: $10500
  • Nett Profit: $5000
  • Equipment (Included): $120000
  • All other values ex GST
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