SBX Business Brokers Phone : 02 9439 ****

Restaurant - Chinese Cuisine - Large restaurant

Listing Id : 263855

Location : New South Wales - Bossley Park

Category : Restaurant

Asking Price : 450,000

Business description

Restaurant - Chinese Cuisine - Western Suburbs - Agent SBX Code Number: GJT1**** **** JX Restaurant serving full range of authentic Chinese Cuisine, including entrees and mains, seafood, duck, chicken, pork, beef and lamb dishes, desserts. - 2 private VIP rooms - Huge commercial kitchen - 200 seats inside - Fully licensed - the average spend is about $60 per person with weddings at $100 per head. Potential Increase the trading days. - Currently only open 6 days per week. - Potential to reintroduce Yum Cha ( previous sales were $40k per week) - advertise more weddings / functions - Currently only doing about 2 weddings per year Features Fully licensed bar inside club - Well established for 8 years - Little competition in the area. - Very low rent Premises This business has an area of 600 sq. mts. with a separate function room for weddings, private events for hundreds of people Location Situated in Western Sydney. Trading Hours 6 days - Mon. - Thurs. - 11 a.m. - 3 p.m. - 5 p.m. - 10 p.m. - Fri. - Sat. - 11 a.m. - 3 p.m. - 5 p.m. - 11 p.m. Lease Current lease expires May, 2**** **** . - Annual rental C.P.I. increases - No bond required. - 5 year lease available on request Employees 5 fulltimers + 8 casuals Comments Profitable with rent less than 8% of turnover - Rent includes outgoings, electricity, water and cleaning. - Excellent opportunity to purchase a profitable restaurant in the Western Suburbs with very little competition. Fully licensed bar inside the club meaning the owner keeps all the profits - Misc. - 1 - gst and payg. - Misc. - 2 - laundry, stationery. Figures Weekly Sales $16000 Rent (ex GST) $900 Wages $4800 Profit $46**** **** Agent SBX Code Number: GJT1**** **** JX - SBX Business Brokers


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