Takeaway - Chinese - Asian Cuisine - Takeaway - Asian - Sydney CBD - Profit $2,235 p.w - Est 21 yrs - M2011

Industry: Professional - All, Professional - Brokerage, Professional - All, Professional - Brokerage | Listed by: SBX Business Brokers


Key Strengths:


About the business

Takeaway - Chinese - Asian Cuisine - Sydney CBD - Agent SBX Code Number: M2011

Takeaway selling Chinese / Malaysian hot food. - Has a large hot food bar which serves a large selection of food usually 22 trays daily and also serves fresh cooking by customers orders from a menu. - Open kitchen. - 22 seats inside and outside. - Figures shown are current from May 2021. Weekly sales were $10,000 before Covid-19 with profit of $4,000 p.w.

Potential
Ideal for family business. - Could open Saturday. - Add home delivery

Features
Well established for 21 years. - Good reputation. - High margins. - Low rent with long lease. - Short trading hours. - Sale price has had a large reduction.

Premises
Well presented shop with an area of 35 m2.

Location
Situated in shopping arcade in large office building of Sydney CBD.

Trading Hours
5 days - 830 a.m.- 3 p.m.

Lease
8 years lease commenced 30th Sept. 2015 + 8 years option. - 3.6% annual increases. - 3 months bond.

Employees
2 owners + one chef + 2 part time servers.

Comments
Misc.- 1 - general business expenses. - First time on market after 21 years. - Keen vendor needs retirement. - Full training and cooking recipes will be provided. - All business records will be shown on appointments. - Inspection must be through brokers.

Figures
Weekly Sales $7500
Rent (ex GST) $945
Wages $2000
Profit $2235


Agent SBX Code Number: M2011 - SBX Business Brokers
Know someone that could be interested in this?
Asking Price:
$148,000
Yearly Profit :

----


Country

Australia

State

New South Wales

Suburb

----


Postcode

2000

Locality

----

Established on
1988

Revenue

----

EBITDA

----

No. of employees

----

Lease period

----


Stock

----


Contact Details Verified

EmailEmail Address

Email Broker Verified

Advertiser Details
Company Logo
New South Wales
Australia
Thinking of buying this business?

Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. So before you make that offer, there’s a few things you should consider to determine whether or not this business is right for you. In a nutshell these include:

  • Ensure the seller is 100% verified by us
  • Can you afford it? Do you need financing to assist with the purchase?
  • Have you done enough research - industry analysis, competitors, revenue and so on
  • Ask the seller some questions - reasons behind the sale, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified etc
  • Make sure it’s the right business for you!

In a nutshell, a business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met. Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private.

Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.

Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. Once satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. Here you can also invite any advisors, brokers or lawyers you may have to help make the deal happen. You can even enlist Eden’s personal network of buying professionals to assist you with the entire buying process.

From start to finish, the entire business transaction can be done through the Eden Exchange platform.

Need finance support?

We offer tailored financing options that work for you to get the deal done.

Free business valuation

Know if you're paying too much for this business or if it’s right on the money.

success

Success!

Form has been submitted successfully and a representative will get touch with you