Internal Ref: M2143
Summary
SBX Code: M2143 - Long established business for 38 years. -Only trading 6 dinners. - Loyal customers. - Stable income. Long lease available. - Owner retiring.
Rent
$2,400 pw
Net Profit
$4,520 pw
Location Details
Prime street front location in affluent area of Northern Beaches.
Potential
Could open 7 days. Could trade lunch. Expand home delivery through internet order system. Could convert to different cuisine.
Hours
6 nights, Tuesday to Sunday 5 p.m to 10 p.m. Friday & Saturday till 11 p.m. Mondays close
Lease
The vendor is landlord. New 3 + 3 or 5 + 5 years lease available with 3.5% annual increases and 3
Employees
2 owners + 1 chef + 4 kitchen hands + 5-6 casuals including home delivery drivers.
About the Business
Restaurant-Chinese / Asian Cuisine - Northern Beaches
SBX Code: M2143
Restaurant serving authentic Asian & Chinese cuisine, specialising in Hong Kong style food. Fully licensed. - Open 6 dinners. - Fully equipped kitchen with large cool room. Licensed. - 100 seats.
Features
Good location. Long established for 38 years. Well known to locals. Loyal local customers. Stable income. Short trading hours, 6 dinners only. Long lease available. Great potential.
Premises
Well presented Chinese style fittings restaurant with an area of approx. 200 m2 plus one large store room in car parking area.
Comments
The rent includes strata, council rates and water rates. Misc. 1-refers to water usage, rubbish bill, bank fee etc. First time on market in 38 years. For more details please discuss with your broker. Keen vendor needs to retire. Inspections through SBX business brokers.
SBX Code: M2143
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