SBX Business Brokers Phone : 02 9439 ****

Function Centre - Restaurant - Yum Cha - Karaoke Bar - Function Centre - Restaurant - Yum Cha - Karaoke Bar - Lwr Nth Shore

Listing Id : 270746

Location : New South Wales

Category : Restaurant

Asking Price : 298,000

Business description

Function Centre - Restaurant - Yum Cha - Karaoke Bar - Lower North Shore - Agent SBX Code Number: F3318A Restaurant - Function Centre - Potential Chinese Yum Cha - Karaoke Bar - Indian or Korean BBQ - Full kitchen with freezer and cool room near loading dock and separate serving area including hot and cold bar - Large luxurious bar area - Unusual dual street entrances on two different levels gives easy access to the function centre and restaurant. - Really nice ambiance with three levels to make more appealing to the eye. - 180 seats - Licenced. Potential To extend the premises for outdoor seating subject to approval by landlord which has been discussed - Would suit any cuisine, Chinese, Indian, Korean. Features New lease available - Large 400 space car park available for easy access to business - Large music stage for performing and large dance floor. Premises This business has a performing music stage, loading dock, male and female toilets and a total area of 300 sq. mts. Location Prime location in heart of busy suburb on lower North Shore with plenty of parking. Trading Hours To suit Lease Current lease expires Nov. .2**** **** + a further 5 year option - C.P.I. annual rental increases - 3 month bond - A new lease may be available to suitable purchasers with food experience . Employees One owner + one chef + casuals as required . Comments The business is trading as a going concern but is not being sold on the current financial figures. - Easy entrance from the carpark into the function centre - restaurant is a bonus for patrons getting both to and from the business. - Selling at way below replacement fit out cost - A full equipment inventory list and a copy of the existing lease is available on request - Inspections Monday and Tuesday . Figures Weekly Sales $0 Rent (ex GST) $1884 Wages $0 Profit $0 Agent SBX Code Number: F3318A - SBX Business Brokers


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