SBX Business Brokers Phone : 02 9439 ****

Chinese Cuisine - Restaurant - Takeaway - Under Management - Potential plus

Listing Id : 264056

Location : New South Wales

Category : Restaurant

Asking Price : 220,000

Business description

Chinese Cuisine - Restaurant - Takeaway - Under Management - South Sydney - Agent SBX Code Number: M2060 Restaurant serving Chinese cuisine and specialising in serving handmade dumplings- with flavor of pork, beef, chicken, lamb, seafood and vegetarian etc, - Also sells wonton soup, chilly noodles, jelly fish and spicy beef dishes. - Full commercial kitchen with cool room and walk in freezer. - 40 seats inside. Potential This young business has great potential to grow. - Could add more products. - Extend home delivery through internet ordering website. - ideal family business. - Suit owner operator to reduce wages and boost sales. Features Perfect location. - Low rent for the shop size. - Very low food cost. - High margins. - Under management. Premises Newly renovated shop with an area of approx. 120 m2 plus approx. 150 m2 warehouse area at back which has not been used yet. Location Prime street front location in very busy shopping street of South Sydney. Trading Hours 7 days - 11 a.m.- 930 p.m. Lease 3 + 3 year lease commenced Dec. 2018. - 3% increases. - 3 months bond. Employees Under management - 3 staff + 1 casual Comments The profit shown is based on one owner working in the business and the Managers wage of $1250 has been removed and added to nett profit. - The large warehouse at the back opposite the council parking area can be set up as an Asian supermarket or fruit market if desired with one shop paying same rent for two businesses. - Great opportunity. - A must to inspect. Figures Weekly Sales $10000 Rent (ex GST) $1528 Wages $3475 Profit $2765 Agent SBX Code Number: M2060 - SBX Business Brokers


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