Description
General Description
Restaurant serving Chinese cuisine including yum cha, omelettes, mains, stirr frys, seafood dishes, bean curds, desserts, as well as Malaysian delights such as satay sticks, beef rendang, curry laksa etc. – Spacious dining area is perfect for family, corporate or private events. – Full kitchen. – 120 seats inside. – Full liquor licence. – Sizeable takeaway and delivery business.
Potential
Could apply for liquor licence and increase turnover with alcohol sales – Extend trading hours. – Trade on Mondays. – Register with online portals such as Menulog and Delivery Hero. – Extend home-delivery to Sutherland area – Increase advertising. – Cater for events and functions
Features
No competition within centre – Regular clientele – Established over 25 years. Consistent turnover – Large area. – Popular website.
Premises
Spacious premises with an area of over 200 sq.mts.
Location
Situated in a busy shopping centre in Sydney South.
Suburb
Bangor (Hidden)
Trading Hours
6 days – Tues. – Sat. – 12:00 p.m. – 2:00 p.m. – 5:00 p.m. – 9:00 p.m. – Sun. – 5:00 p.m.- 9:00 p.m. – Closed Monday.
Lease
Current lease commenced Sept. 2016 – Expires Sept. 2019 + 2 yr. option. – 5% annual increases – 3 months bond.
Sale Reason
Retirement due to health reasons
Employees
1 owner +3 fulltimers + 6 casuals
Comments
Misc. -1 refers to Eftpos merchant facility fees. – Misc. 2 – refers to gst tax payments – Regretful sale due to ill health.
| Figure Display Type | Regular |
| Weekly Takings | $16,000 |
| Cost of Goods | $5,000 |
| Gross Profit | $11,000 |
| Rent | $1,930 |
| Outgoings | $ |
| Wages | $5,000 |
| Telephone | $15 |
| Insurance | $80 |
| Electricity | $300 |
| Gas | $300 |
| Misc 1 | $110 |
| Misc 2 | $450 |
| Total Expenses | $8,185 |
| Nett Profit | $2,815 |
| Price | $149,000 |
| Estimated Stock | $ |
| (Additional) | |
| Equipment | $ |
| (Included) | |
| Residence | 0 |
| Premium | no |
| Undisclosed | no |
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