Restaurant- Chinese Cuisine - FN1296

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$420,000

Description

Chinese cuisine restaurant offering a truly exquisite dining experience. Known for its diverse menu and authentic flavours, it caters to all tastes with an extensive selection of Chinese dishes, including seafood specialties, daily Yum Cha, signature Peking duck, sang chow bow, meat dishes, vegetarian options, and specialty creations.- Fully equipped commercial kitchen with high-grade appliances, including a roast duck oven, live fish tanks, and a cool room, spacious dining area with 130 seats inside and 68 seats outside. - Fully licensed.

Potential

Extend to sell BBQ products as takeaway -Introduce an afternoon tea set (2 pm–4 pm).-Launch a frozen foods line. -Add catering services - Promote corporate functions and parties

Features

Local customer base. - High profit margins. - Perfect location- Unique market position- Outstanding reputation- Top qualtiy setup- Spacious premises

Premises

This restaurant occupies an area of approximately 350 sq.m with a commercial kitchen and high-quality full fit-out.

Location

Prime position in a shopping centre in the prestigious Upper North Shore, attracting both loyal locals and new customers.

Trading Hours

7 days - Lunch: Monday to Friday: 11 am to 3 pm. Saturday & Sunday: 10:30 am to 3 pm. Dinner: Monday to Sunday: 5 pm to 9 pm.

Lease

5 years lease commenced July 2022. Bond ($94,317), CPI+2.5% increases per year

Employees

1 owner + 6 full timers + 8 casuals

Comments

This well-established restaurant is ready for continued success under new ownership, with all the essentials in place to thrive in a competitive market.- Misc.- 1- other costs - Inspection recommended. - Please refrain from speaking to shop staff or disclosing the purpose of your visit when inspecting the business to maintain confidentiality and operational discretion.

SBX ID

FN1296

Figures
  • Takings: $48000/week (GST)
  • Cost of Goods: $13000
  • Gross Profit: $35000
  • Rent: $7100
  • Wages: $20000
  • Outgoings: $540
  • Telephone: $60
  • Insurance: $240
  • Electricity: $700
  • Gas: $500
  • Misc 1: $460
  • Total Expenses: $29600
  • Nett Profit: $5400
  • Estimated Stock (Additional): $30000
  • All other values ex GST
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