XKR1025 - Chinese Cuisine Restaurant - Top location - Undermanagment
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Restaurant - mainly serving Sichuan cuisine including stir-fried food, signature dishes, noodles, homemade milk tea, etc- Good review on the food - Full sized commercial kitchen with woks, deep fryer, walk-in cool room & freezer. -licensed- under management.
Can extend business hours - hands-on buyer will save on labor cost
Best location - High margins. - reasonable rent with a long lease.
Well presented shop with an area of approx. 250 sq.mts, 60 sq.mts kitchen, cool room, and freezer room, and 160 sq.mts dining area, and bathrooms, one parking space.
Prime location on the main road in the InnerWest area. Lots of foot traffic.
7 days - Mon. - Sun, - 11:30 a.m.- 2 a.m.
Current lease commenced June, 2019, 5 years + 3 years - 4% annual increases - 6 months bond
5 full-timers + 4 part- time + 3 casuals
Rent (ex GST) $305,000
Nett Profit $600,000