You might also like...
Italian Restaurant & Cafe w Vendor Finance Available! MAS250
Internal Ref: M2288
Summary
SBX Code: M2288 - Long established Chinese cuisine. Short trading hours-. Low rent with long lease. High margin on quality food. Can open 7 days to increase sales and profit.
Rent
$923 pw
Net Profit
$2,000 pw
Location Details
Situated on level 1 of shopping village in Sydney Eastern Suburbs close to beach.
Potential
Huge potential to increase sales and profit. Could open 7 days lunch and dinners as the vendor was doing before when the takings reached more $10,000 per week. - After operation one year ago, the vendor only opens 5 dinners with short trading hours due to health reasons now. - Could change to different cuisine such as Thai, Korean, Vietnamese etc. Asian food.
Hours
5 dinners - Wednesday - Sunday - 5 p.m - 930 p.m.
Lease
5 + 3 + 3 years lease commenced 2019. - New longer lease available - . 4% annual increases. - 3 mo
Employees
2 owners plus 1 part time staff
About the Business
Restaurant - Chinese Cuisine -Takeaway - East Sydney
SBX Code: M2288
Chinese restaurant / takeaway serving delicious genuine Chinese dishes including varieties of stir fried chicken, beef, pork, seafood and vegetables with satay, curry, chilli garlic, sweet and sour, chilli basil etc. combinations. - Fully equipped kitchen. - Currently only open 5 dinners with short trading hours 5 p.m. - 9:30 p.m. - 30 seats inside and 40 seats can be placed outside if desired. The business has own website to take orders. Also nearly half revenue is home delivery though Uber and Doordash platforms.
Features
Long established. - Well known by locals. -High quality food with high margins. - Cheap rent with long lease. -Short trading hours (5 dinners only). - Great growth opportunity. - Well priced for quick sell.
Premises
Well presented shop with an area approx. 80 sqm with large commercial kitchen.
Comments
The rent includes all outgoings. - Misc.- 1 - Refers to home delivery average commission - Keen vendor urgent sale due to health reasons. - All reasonable offers will be considered.
SBX Code: M2288
SBX Business Brokers
Connect with us