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XKR1021 - Chinese Cuisine- Restaurant - Top location -B...

Business for Sale
Burwood NSW

Overview Restaurant - mainly serving Shanghai cuisine including steamed buns, wontons,  stir-fried food & signature soup, etc- Good review on the food - Full sized commercial kitchen with woks, dee

Price $200,000

XKR1021 - Chinese Cuisine- Restaurant - Top location -Burwood

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
Overview
Restaurant - mainly serving Shanghai cuisine including steamed buns, wontons,  stir-fried food & signature soup, etc- Good review on the food - Full sized commercial kitchen with woks, deep fryer, walk-in cool room & freezer, new exhaust system - 50 seats downstairs, 2 private room upstairs- 20seats, licensed. Plenty of storage area.

Potential

Can extend business hours - expand home delivery with Uber Eats, etc.

Features

Top location on the main street of Burwood  - High margins. - reasonable rent with a long lease.

Premises

Well presented shop with an area of approx. 250 sq.mts. Ground floor with 40 sq.mts kitchens, cool room, and freezer room, and 100 m2 dining area. First floor with 2 private rooms, a storage room.

Location

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

Trading Hours

7 days - Mon. - Sun, - 11 a.m.- 10 p.m.

Lease

Current lease commenced Nov, 2017, 5 years + 5 years  - 3% annual increases - 6 months bond

Sale Reason
Family reason 

Employees

1 owner ( part time) + 5 full-timers + 2 casuals

Comments

Misc 1- waste collection fee, Misc 2 - Council fee, Modern design, and high-quality fit-out, Near new equipment. - stable chef team  - Nothing to spend. - Keen vendor. - Must be sold.

Annual Figures
Sales $1,200,000
Cost $360,000
Rent $136,500+GST
Outgoing $40,000
Nett profit $235,000

Contact Seller

Contact: Frank Xiao
Phone: 0433139963
Mobile: 0433139963

Bsale ID: 265707
Agent ID: 3304520




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