Summary
Established Hong Kong seafood & BBQ restaurant in Sunnybank Hills with $2.5M annual turnover, 35 tables, VIP rooms, experienced staff, strong profits and secure lease.
Revenue
$2,500,000 pa
Rent
$26,400 pa
Expenses
$1,550,951 pa
Net Profit
$922,648 pa
Location Details
2/21 Farne Street, Sunnybank Hills
Potential
An exciting opportunity is now available to acquire 9 Seafood Restaurant, an established Hong Kong-style restaurant located at 2/21 Farne Street, Sunnybank Hills. Specialising in live seafood and traditional Hong Kong BBQ roast, the restaurant offers an authentic dining experience with the capacity and facilities to cater for everything from everyday dining through to large celebrations and private functions. The restaurant features two separate dining areas with a total of approximately 35 tables, including 2 VIP rooms.
Hours
Monday & Tuesday
5:30pm – 10:00pm
Wednesday
Closed
Thursday – Sunday
9:30am – 10:00pm
Lease
The current lease runs until 2028, with the opportunity to extend for a further five years.
Employees
The sale is intended to include the restaurant's current staff, providing valuable operational continuity for an incoming owner.
The current team comprises:
4 chefs
10 additional staff/workers
14 staff in total
About the Business
THE OPPORTUNITY
9 Seafood Restaurant is known for its live seafood offering and Hong Kong-style BBQ roast dishes, providing a distinctive dining concept within the popular Sunnybank Hills dining precinct.
The existing restaurant setup provides an incoming operator with the opportunity to continue the established concept or introduce their own ideas, subject to relevant approvals.
DINING CAPACITY
The restaurant features two separate dining areas with a total of approximately 35 tables, providing excellent flexibility for different group sizes.
Tables include a combination of:
4-seat tables. 6-seat tables, 10-seat tables,
2 private VIP rooms, each accommodating up to approximately 12 guests
STAFF
A major advantage of this business opportunity is the existing team. The sale is intended to include the restaurant's current staff, providing valuable operational continuity for an incoming owner.
The current team comprises: 4 chefs, 10 additional staff, 14 staff in total
TRADING HOURS
Monday & Tuesday
5:30pm – 10:00pm
Wednesday
Closed
Thursday – Sunday
9:30am – 10:00pm
HIGHLIGHTS
- Established Hong Kong-style restaurant
- Prime Sunnybank Hills location
- Specialising in live seafood and BBQ roast
- Two separate dining areas
- Approximately 35 tables
- Mix of 4, 6 and 10-seat table configurations
- Two private VIP rooms accommodating up to 12 guests each
- Regular birthday parties, weddings and private functions
- Existing team of 4 chefs and 10 additional staff
- Large-capacity restaurant suitable for group dining
- Established restaurant fit-out and operational setup
- Opportunity for an experienced hospitality operator, family business or investor
- Ample onsite and street parking
FINANCIAL PERFORMANCE
The business generates approximately $2.5 million in annual turnover, with an indicative annual profit of approximately $922,649 based on the financial information provided. Annual labour costs are approximately $572,000, food and material costs approximately $557,468, and listed operating expenses approximately $447,883 per annum.
LEASE
The current lease runs until 2028, with the opportunity to extend for a further five years, providing additional long-term security for an incoming owner.
Financial figures are approximate, based on information supplied by the seller, and should be independently verified by prospective purchasers as part of their due diligence.
CONTACT
KC YEUNG - 0447 622 689
EDITH TAM - 0433 440 732
Connect with us