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XKR1025 - Chinese Cuisine Restaurant - Top location - U...

Business for Sale
Burwood NSW

Overview 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

Price $320,000

XKR1025 - Chinese Cuisine Restaurant - Top location - Undermanagment

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
Overview
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. 

Potential

Can extend business hours - hands-on buyer will save on labor cost

Features

Best location - High margins. - reasonable rent with a long lease.

Premises

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.

Location

Prime location on the main road in the InnerWest area. Lots of foot traffic.

Trading Hours

7 days - Mon. - Sun, - 11:30 a.m.- 2 a.m.

Lease

Current lease commenced June, 2019, 5 years + 3 years  - 4% annual increases - 6 months bond

Sale Reason
Family reason 

Employees

5 full-timers + 4 part- time + 3 casuals

Annual Figures
Sales  $2,080,000
Cost $580,000
Rent (ex GST) $305,000
Wages $520,000
Nett Profit $600,000

Contact Seller

Contact: Frank Xiao
Phone: 0433139963
Mobile: 0433139963

Bsale ID: 265609
Agent ID: 3304437




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