Summary
- elegant atmosphere, seats 150 with lift & function room - 5 days trading, ~$20,000 per week - walk in freezer/cool room and 2 dumb waiters - suits any cuisine - flexible option to suit buyer
Revenue
$20,000 pw
Rent
$5,200 pw
Expenses
$10,000 pw
Net Profit
$4,800 pw
Location Details
The restaurant is located in the heart of a vibrant, well established and multicultural suburb, right on busy Springvale Road, next to The Glen Shopping Centre, close to the railway station, schools , residential apartments & plenty of free parking
Potential
Lots of potential to grow in this business :
- 2 level, beautiful & intimate dinning space for large party/ event
- fully equipped kitchen with 2 dumb waiters
- excellent set up with internal lift for customers
- function room with balcony upstairs
- easily can change to other concepts / cuisine
- add more sales by opening more days
Skills
Easy operation with experienced staff team already in place
Someone with a passion in hospitality
Hours
5 days trading ( Wednesday to Sunday ) lunch and dinner
Lease
Long lease with 5+5
Employees
6 full time plus 4 part time
Reason for Sale
- Owner has worked in the business for 30+ years , need a break
- has to move back overseas because of family matters
About the Business
- locate on a main road in a good vibrant suburb
- serving fine Chinese cuisine, efficient service in a relaxed atmosphere
- take away service available and UBEReats delivery
- fully licensed with an impressive wine list including cocktails, beers and exclusive local and international wines
- lobster tanks for live seafood
- serving yum cha lunch and banquets for large party
History
- has been operated for 30+ years in the same area
- very good clientele and lots of regulars
- well known restaurant and always has consistent high standard of food & service
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