Restaurant - Chinese Cuisine - Takeaway - SM1516

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$420,000

Description

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.

Potential

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

Features

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

Premises

Business with state of the art fit out with top quality equipment and an area of approx. 150 sq. mts.

Location

Best location in shopping centre in the Upper North Shore facing open space car park.

Trading Hours

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

Lease

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

Employees

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

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.

SBX ID

SM1516

Figures
  • Takings: $35000/week (GST)
  • Cost of Goods: $11500
  • Gross Profit: $23500
  • Rent: $4389
  • Wages: $11900
  • Outgoings: $563
  • Telephone: $20
  • Insurance: $155
  • Electricity: $420
  • Gas: $350
  • Misc 1: $150
  • Total Expenses: $17947
  • Nett Profit: $5553
  • Estimated Stock (Additional): $35000
  • All other values ex GST
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