Restaurant - Chinese Cuisine - North West Shopping Centre - Takings $23,433 p.w.

9 days ago

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Internal Ref: W1735

Summary

SBX Code: W1735 - Restaurant - Established 20 years - Very well known - Very large shopping centre - Takings $23,433 p.w. - Netting $4876 p.w. - Under management.

Rent

$319,332 pa

Net Profit

$253,552 pa

Location Details

Situated in major shopping centre in North West Sydney.

Potential

Owner operators would save on wages and increase sales. - Promote social media presence - Expand on home delivery and catering.

Hours

7 days - Mon. - Thurs. - Sun. - 900 a.m. - 700 p.m. - Fri. & Sat. - 900 a.m. - 1000 p.m.

Lease

Current lease expires 9th July, 2024 - 3 month bond - Rent increase 5% per year.

Employees

Under management - 2 fulltimers + 2 casuals

About the Business

Restaurant - Chinese Cuisine - North West Sydney

SBX Code: W1735
Restaurant - takeaway serving a wide range of Chinese cuisine including seafood, BBQ, rice dishes, sides, beef, pork, chicken, vegetables, stir fried noodles, special fried rice, soups and hot pots. - 81 seats inside.

Features
Established 20 yrs, - Good reputation - Strong lunch and dinner trade. - Many customers are University students - Situated in one of the biggest shopping centres in Sydney - Very stable business. - Very well known

Premises
This business has a total area of 79 sq.mts.with excellent kitchen equipment and fit out and an area of 35 sq. mts.

Comments
Current owner invested $400,000 in extra shop fit-out in 2017 - Rent includes all outgoings. - Owner does not work in the business and just does bookwork - Financials, sales records on POS machine system available. - There are 2 shops available by the same owner - see also W1734 - Motivated vendor. - A must inspection but please be discreet when visiting the business.

SBX Code: W1735

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