Restaurant - Chinese Cuisine - Restaurant serving Chinese cuisine - Sales $22K p.w. - Nets $5K p.w. - G1790

Restaurant - Chinese Cuisine - Restaurant serving Chinese cuisine - Sales $22K p.w. - Nets $5K p.w. - G1790

Preview Listing

Location Details :

Country

Australia

State

New South Wales

City

Waterloo


Industry :
Food/Hospitality - Restaurant ;

Financial Details :

Revenue

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EBITDA

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EBITDA multiplier

-x

About the business

Restaurant - Chinese Cuisine - City Fringe - Agent SBX Code Number: G1790

Restaurant serving Chinese cuisine - Cumin and Chilli-Spiced Skewers. Well known for the Xinjiang-style lamb and beef skewers fired over hot coals There are also pippies with XO, lobster and a Sichuan-style grilled barramundi hotpot with tofu and lotus root. Pair it all with jugs of Asahi or Chinese beer. Full kitchen & walk in cool room - 35 seats inside - 25 outside.

Potential
New owner operator could increase sales & reduce wages to increase profits. - A new owner could operate with a different cuisine. - Could change opening hours.

Features
Very busy area with lots of International students. Well established business - No competition for late night dining. - Great fit out. - Large well equipped kitchen.

Premises
This restaurant has an area of 138 sq. mts, of which more than 40 sq. mts. is the kitchen and the rest is divided into two parts the inner and outer dining areas with a very good ambiance.

Location
Well located in City fringe with multiple high density residential apartments and is an international student area. Prime location on the main street.

Trading Hours
7 days - 2 pm to 2 am.

Lease
5 year + 5 year lease expires 2031. - 3 month bond. - 3% annual Increases.

Employees
1 owner (part time) + 4 casuals (as required)

Comments
Please NOTE that the name of the business is not included in the sale of this business as the owner has 2 other outlets. - Misc.- 1 - GST and other expenses.

Figures
Weekly Sales $22000
Rent (ex GST) $2241
Wages $6500
Profit $5000


Agent SBX Code Number: G1790 - SBX Business Brokers

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SBX Business Brokers is one of the largest business brokers in Australia servicing Sydney, Melbourne, Brisbane and the Gold Coast. With over 30 years of experience, you can be assured that SBX will provide you with a premium service.  

Headed by Colin Bennie and an extensive team of multi-lingual brokers, SBX will match the right business with the right buyer. Our team will personally take on each business and market it individually, as well as handle all of the details of meetings and inspections. SBX will assist you in understanding all of the legal requirements, rental bonds, insurance and other requirements that may relate to selling or purchasing a business in Australia.

 

SBX sells all manner of businesses from small owner-operator businesses to franchises and multi-million dollar businesses.

 

To find out more about how SBX Business Brokers can assist you, simply register online or contact the office.

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