Restaurant - Chinese Cuisine - Popular Chinese restaura...

Restaurant - Chinese Cuisine - Popular Chinese restaurant.- Low rent.- High margins.- Net $7320 p.w.

Stock Included: — Stock Value: —

Years Est: — Gross Revenue: —

Restaurant - Chinese Cuisine - Inner West - Agent SBX Code Number: M2092

Restaurant serving Chinese cuisine with East-Northern district style dishes including varieties of wok dishes, noodles and dumplings etc. - The takings include home delivery through internet orders. - Full commercial kitchen with cool room and store room. - 45 seats inside and 20 seats outside.

Potential

The young owner only manages the business part time and pays high wages to the chef and staff. - A full time motivated and experienced operator could save big wages and increase sales and profit - Could change to different cuisine.

Features

Good location in large developing area. - Attractive shop fitout and menu. - High margins. - Low rent with long lease. - Young business has great potential to keep growing.

Premises

Brand new and unique style fitting shop with an area of approx 130 m2 plus 40 m2 outside seating area and 2 parking spaces.

Location

Under high rise apartment building in Inner West high density residential area with lots of new apartments close to river bank.

Trading Hours

7 days - 10 a.m.- 330 p.m. + 5 p.m.- 930 p.m.

Lease

5 + 5 years lease commenced Oct. 2018. - 3% increases. - 3 months bond.

Employees

One part-timer owner + 8-10 staff

Comments

Outgoings include building strata, council and water rates. - Misc.- 1- Refers to shop maintenance, rubbish and bank fees. - Large developing suburb with around 1500 more high rise apartments being built nearby which will bring more customers and the business takings should reach $30000 p.w, in future. - An excellent investment opportunity. - A must to inspect - . Please do not speak to any staff when visiting the business.

Agent SBX Code Number: M2092 - Sydney Business Exchange

Additional Details