Asian Restaurant in City Fringe\ Glebe NSW \ Selling For $50K

General Information

-- Takeaway Restaurant - Asian Cuisine - City Fringe - Glebe NSW

-- Now selling cantonese style Asian and Chinese hot food -  varieties of hot food 

-- Full Commercial kitchen with 5 wok stoves, 1 Bunner, 4 cool refrigerator and 2 Large freezer, Dishwasher, Juice Bar

-- Large seating area inside

-- Very Suitable for family business, saving a lot on setting up new business.

 

Location Details

Great location with heavy foottraffic, and very near the shopping and food street in an affluent area in the city fringe

Located on the main road of a desirable area close to UTS and USYD.

 

Potential

-- Huge potential due to the significant and on going residential growth in this popular area

-- Expand catering

-- Do some marketing and advertising -

-- Potential for an owner operator to further increase sales and profit

 

Premises
Well presented restaurant with an area 100 SQM.

 

Hours

6 days - Wed. - Mon. - 11 a.m. - 9.30 p.m.

 

Lease

Jan 2019 - Jan 2022+ 3 year option. + 3 % increases - 3 months bond

 

Employees

1 owner +. 1 fulltimer + 1 casuals

Asian Restaurant in City Fringe\ Glebe NSW \ Selling For $50K

$50,000.00Price
  • Figure Display Type   Regular
    Weekly Takings   $10,000
    Cost of Goods $3,000
    Gross Profit $7,000
    Rent $1,520
    Outgoings $308
    Wages $2,200
    Telephone $20
    Insurance $30
    Electricity $162
    Gas $116
    Misc 1 $
    Misc 2 $
    Total Expenses $4,194
    Nett Profit $2,806

    Price

    $1250,000

    Estimated Stock (additional)

    $0

© 2020 All rights reserved. This website contains general information only. The information is not advice of any kind and is not intended as a substitute for professional and/or specialist advice. The founders, authors and contributors assume no liability or responsibility for the use or misuse of the website content that may include omissions, inaccuracies or incorrect information. Your use of this website signifies your agreement and compliance to all the terms and conditions published here. All trademarks and intellectual properties mentioned on this website are the property of their respective owners. 

Suite 302, 7 Railway St, Chatswood  - New South Wales - Australia  - COMPANY INTRANET