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Restaurant - Chinese Cuisine - Takeaway - Under Management - Upper North Shore - (Code: SM1516)

Chinese cuisine restaurant - Takeaway - Netting over $5,000 p.w.

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Price: $150,000






Weekly Takings (inc GST) $35,000
Cost of Goods $11,500
Gross Profit $23,500
Rent $4,389
Wages $11,900
Outgoings $563
Telephone $20
Insurance $155
Electricity $420
Gas $350
Misc 1 $150
Misc 2 $
Total Expenses $17,947
Net Profit $5,553
Coffee Kilos P/W 0.0

Estimated Stock

$35,000
(Additional)

Equipment

$
(Included)
All other values
exclude GST
General Description
<p>Restaurant - takeaway serving authentic Chinese cuisine, specialising in Hong Kong style food with daily Yum Cha. The menu includes entrees, soup, king prawns, seafood, beef, chicken, pork, Peking duck, vegetarian, noodles etc. Also does specialty creations. All food is prepared fresh and tastes delicious. Fully equipped kitchen with large cool room. Well known within the local community for great traditional food and service. Also does home delivery. - Licensed and BYO. - 112 seats.</p>

Potential
A hands on full time owner operator could save on wages and make more profit. Promote on social media to boost sales.

Features
Good location. Regular customers. Well known to locals. Walk-in cool room. Fully licensed. Open 7 days. - Under Management

Premises
Business with state of the art fit out with top quality equipment and an area of approx. 150 sq. mts.

Location
Best location in shopping centre in the Upper North Shore facing open space car park.

Trading Hours
7 days. - Lunch: 11:30 am to 3:00 pm. Dinner: 5:00 pm to 9:00 pm.

Lease
Current lease expires March 2028. Currently 4% annual rental increases until October 2026 then 5%. - 3 months Bank guarantee.

Employees
Under Management - Owner (admin only) + 6 full time staff + 2 casuals.

Comments

Misc.- 1-Refers to bank fees and other general business expenses. Owner will provide full training. Quick sale needed. Motivated vendor - a must inspection. Staff are not aware. Inspections only through your SBX broker.



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SBX Business Brokers takes no responsibility for the accuracy of this information. Buyers should seek advice from their own Advisors.

SBXSM1516

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