Restaurant - Chinese Cuisine - Chinese restaurant -5 days- Nets $6780 p.w.- South Sydney area - M2179

Restaurant - Chinese Cuisine - Chinese restaurant -5 days- Nets $6780 p.w.- South Sydney area - M2179

Preview Listing

Location Details :

Country

Australia

State

New South Wales

City

Hurstville


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 - South Sydney Area - Agent SBX Code Number: M2179

Restaurant serving typical Chinese food including signature dishes- Shanghai dumplings, wonton soups, noodles etc. All the food is prepared fresh and tastes delicious. Well known within the local community for great traditional food and service. One open and visible kitchen for hand made dumplings and cooking, one more commercial kitchen at back with large cool room. 80 comfortable seats. Currently only trading 5 days. The takings includes around $3000 home delivery through Uber and Panda platforms.

Potential
Could open 7 days to increase sales and profit. Extend home delivery. Suits any type of cuisine.

Features
Busy location and good size of shop. Well known to locals. Great food with high margins. 5 short trading days. Well priced. Quick capital return.

Premises
Unique design and stunning fitout restaurant with an area 170 m2 which includes two kitchens.

Location
Situated in a prime shopping street location in South Sydney suburb.

Trading Hours
5 days - Wed. - Sun. - 11 a.m. to 9 p.m. Closed on Mon. and Tues.

Lease
3 + 3 years lease commenced March 2021. 2% annual increases. 4 months bond.

Employees
One owner (chef) + one full time chef + 2 casuals

Comments
Misc.- 1-Refers to rubbish and fixed water bill. The menu recipes and training/support will be provided. A high profit business and well priced to sell. Inspections must be through SBX Business Brokers.

Figures
Weekly Sales $18000
Rent (ex GST) $1402
Wages $3000
Profit $6780


Agent SBX Code Number: M2179 - 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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