Summary
Only Malatang & Chinese shop within 30 km area, surrounded by busy eateries in the main food block. High foot traffic, 30m to bus station, 100+ parking spots, located in the CBD of Wollongong.
Revenue
$26,000 pm
Rent
$5,200 pm
Expenses
$8,000 pm
Net Profit
$12,800 pm
Location Details
4/50 Crown St
Located on Crown Street in Wollongong CBD, 200m from WIN Stadium and Wollongong Central. Main food block with many restaurants beside. High foot traffic, 30m to the bus station, 100+ street parking spots nearby， and surrounded by many communities
Potential
This business has strong growth potential due to its prime CBD location, unique cuisine offering, and constant foot traffic from events, offices, and nearby transport. A new owner can expand revenue by extending trading hours, adding more stir-fry options, promoting through delivery platforms, or introducing meal deals for students and office workers. As the only Malatang restaurant within 30 km, it has a clear competitive advantage and room to scale. And Malatang is very welcome here among Asian students from UOW, and locals as well.
Skills
Very beginner-friendly business. No chef or specialised cooking skills required — the operation is simple, with clear processes for prep, service, and checkout. Easy to learn and suitable for first-time business owners, couples, or families. Training can be provided to ensure a smooth handover.
Hours
Open 7 days: 11:30am–2:30pm and 5:00pm–9:00pm. Potential to extend hours for higher revenue.
Lease
3-year lease, secure lease with stable rent. Prime Crown St CBD frontage with heavy foot traffic.
Employees
Easy to operate with just 2 staff: one kitchen staff and one for checkout/service. Simple workflow, no cooking experience or chef required. Suitable for couples or small teams.
Reason for Sale
The current owner is originally from China and will be returning soon due to family commitments. With increasing responsibilities overseas, the owner is unable to continue managing the business locally. This creates an excellent opportunity for a new operator to take over a well-established, easy-to-run restaurant in a prime location.
About the Business
This restaurant is one of Wollongong’s most recognisable Chinese food destinations, with over 10 years of history at this prime CBD location. Originally operating as Fuxing Pho and Dumplings, it was widely known as one of the best and most reliable Chinese restaurants in the city. Locals, students, and workers all recognise this address and associate it with quality Chinese cuisine. The customer base remains strong and loyal.
The business was later transformed into a Malatang concept to meet rising demand. With no Malatang restaurants in Wollongong or nearby suburbs, this created a rare chance to introduce a highly popular Asian food trend to the region. Malatang appeals to a wide audience because it is customisable, healthy, quick to serve, and flavourful, attracting both locals and international students.
The shop uses exclusive recipes and authentic flavours from a reputable Chinese franchise, with key ingredients imported directly from China. This ensures consistent taste and a reliable brand identity. The operation is extremely simple—no chef is required, and the workflow is easy to manage—making it suitable for beginners, couples, or small teams. Labour costs are low, and full training can be provided.
The sale includes a complete commercial kitchen and full shop fit-out: four electric fryers, a three-pot Malatang cooker, strong-flame commercial stove, 2.7m mist-display fridge, two-door glass fridge, multiple single-door fridges (Western House, Samsung) and freezer, plus 16 tables, 30 chairs, three 3-seat sofas, air-conditioning, fans, cabinets, and all fixtures with bathroom . The franchise fee with an established Chinese Malatang brand is also included. The store is fully equipped and ready to operate immediately with no extra setup cost.
The location is a major advantage. Situated on Crown Street in Wollongong CBD, the restaurant sits in the main dining block surrounded by busy eateries, offices, retail, student accommodation, and apartments. It is only 200m from WIN Stadium, close to Wollongong Central, Service NSW, and just 30m from a major bus station. With more than 100 street parking spaces nearby, foot traffic is constant throughout the day. High visibility and strong pedestrian flow make this a highly desirable food site.
As the only Malatang restaurant within a 30 km radius, the business enjoys a unique competitive edge. With fewer than five Chinese restaurants in Wollongong overall, this niche concept attracts office workers, families, gym-goers, students, and event crowds, ensuring a steady and diverse customer base.
History
This site has been a well-known Chinese restaurant in Wollongong for over 10 years. Formerly operating as Fuxing Pho and Dumplings, it was a favourite among locals and widely recognised for quality Chinese food. In recent years, the business transitioned to a Malatang concept to meet rising demand and fill a gap in the market, becoming the only Malatang restaurant within 30 km and continuing the location’s strong reputation.
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