SBX Business Brokers Phone : 02 9439 ****

Chinese Cuisine - Under Semi-Management - Chinese Restaurant - Sales $40,000 pw - Under Semi Management - South Syd NSW - Profit $10500 p.w

Listing Id : 207835

Location : New South Wales - South Sydney

Category : Restaurant

Asking Price : 628,000

Business description

Chinese Cuisine - Under Semi-Management - South Sydney - Agent SBX Code Number: SM1446 Restaurant - cafe serving Hong Kong style Chinese cuisine including noodles, rice, coffee, milk tea, drinks etc. - Full kitchen with cool room. - 130 seats. Potential Suit experienced operators or investors. -Improve social media presence. - Growth area. Features Great location. - Well known by locals. - Under semi -- management. - Low rent. - No competition. - Solid income. - First time on the market. Premises Well presented with an area of approx. 350m2 over two levels plus 40 sq.mt. store area and office. Location Situated in very busy foot traffic shopping street of suburb in South Sydney area. Trading Hours 7 days - Mon. - Fri. - 10 a.m.- 10 p.m. - Sat. - Sun. - 9 a.m.- 10 p.m. Lease 3 + 3 year lease commenced June,2015. - 4% annual increases - . 3 month bond. - New 3 + 3 or 5 + 5 year lease lease should be offered. Employees Owner (works 5 days) + 17 - 20 staff. Comments Misc.- 1. - Water rates. - Managers wage of $1500 p.w. added back to nett profit as for two working owners.. - Please do not approach or speak to shop staff. - Inspection by appointment only. Figures Weekly Sales $40000 Rent (ex GST) $2530 Wages $13500 Profit $10500 Agent SBX Code Number: SM1446 - SBX Business Brokers


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