Chinese Cuisine - Restaurant - SM1247

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$188,000

Description

Restaurant serving Chinese cuisine, chicken, beef, soup, liquor and soft drinks etc. - Full kitchen - Large dining area with 120 seats. - walk-in cool room. - Full kitchen. - Licenced

Potential

Could add live seafood. - Suit owner operator or investor. - Do promotions to develop home delivery..

Features

Excellent street front location with ample parking. - Very profitable. - Low rent.

Premises

This business has an area of 200 sq.mts. and was recently refurbished in year 2019 at a cost over $150,000.

Location

Situated at large local shopping centre facing car park and street in Wollongong Illawarra area.

Trading Hours

7 days - 11:30 a.m. - 10:30 p.m.

Lease

New 7 year lease from March. 2019. - 3% C.P.I. increases. - 3 months bond.

Employees

2 owners + 2 fulltimers + casuals

Comments

Very profitable. Rent includes all outgoings and water. -Misc. -1 - Admin, Accountant, repairs etc. This business can do employer sponsorship for the staff.

SBX ID

SM1247

Figures
  • Takings: $17000/week (GST)
  • Cost of Goods: $5800
  • Gross Profit: $11200
  • Rent: $1500
  • Wages: $2500
  • Telephone: $50
  • Insurance: $85
  • Electricity: $260
  • Gas: $195
  • Misc 1: $400
  • Total Expenses: $4990
  • Nett Profit: $6210
  • Estimated Stock (Additional): $40000
  • All other values ex GST
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