SBX Business Brokers Phone : 02 9439 ****

Restaurant - Chinese Seafood Cuisine - Under Management. - Restaurant - Sales $115,000 pw - Chinese Seafood Cuisine - Under Management - Profit $15,568 pw - City Fringe Nsw

Listing Id : 245680

Location : New South Wales - Inner West

Category : Restaurant

Asking Price : 1,300,000

Business description

Restaurant - Chinese Seafood Cuisine - Under Management. - Inner West - Agent SBX Code Number: FS1096 Restaurant serving seafood and Chinese cuisine including yum cha at lunch & seafood mains, desserts etc.for dinner.- Full sized commercial kitchen with walk in cool room .-Seafood tank.- Excellent designed dining area is perfect for family, corporate or private events.- 260 seats. - Licenced Potential Promote more weddings & private functions.-Could do more promotion to increase even higher sales. Features Well established - High sales turnover weekly.- New lease - Excellent fit out. Premises Large premises with an area of 600 sq. mts. Location Situated in very busy shopping strip in Sydney Inner West close to train station. Trading Hours 7 days - Mon. - Sun. - 1000 a.m.- 300 p.m. - 500 p.m.- 1000 p.m. Lease New 3 + 3 year lease is available to approved buyer.- 5% C.P.I. rent increases.- 3 month bond. Employees One Manager + 13 fulltimers + 27 casuals. Comments Please do not approach the vendors or staff without liasing with the broker first. - Buyers must sign a two page confidentiality agreement before being given address-. Vendor has renovated the shop a year ago with a cost over 300k- -Eligible for employer sponsorship visas.- Misc.- 1 - Workers comp, GST etc.- Trial on weekly $115,000 with 5% variance after contract exchanged. Figures Weekly Sales $115000 Rent (ex GST) $3846 Wages $42000 Profit $15658 Agent SBX Code Number: FS1096 - SBX Business Brokers


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