Chinese Cuisine- Restaurant - Waterloo NSW

General Description

Restaurant - mainly serving Xi'an style cuisine including stir-fried food, signature dishes, noodles, homemade milk tea, etc- Good review on the food - Full sized commercial kitchen with woks, deep fryer, freezers. - undermanagement. 

 

Potential

Can add other regional Chinese food - hands-on buyer will save on labor cost

 

Features

Close to Taylor College , UNSW, East village Shopping Centre - Heavy foot trafic - Regular Customers

 

Premises

Well presented shop with an area of approx. 120 sq.mts, 40 sq.mts open kitchen, Noodle Handing room and Storage room , and 80 sq.mts dinning area, and bathrooms. - Liquor License ;

 

Location

Hgih food traffic location in Waterloo NSW - Close to Taylor college, UNSW and East Village Shopping Centre - Office Building surrounded

 

Trading Hours

7 days - Mon. - Sun, - 10:00 a.m.- 10:00 p.m. ; Thur.  10:00 a.m.- 10:30 p.m.

 

Lease

5 years Lease, Current lease expires Aug 2024, With 5 years option  - 4% annual increases - 3 months bond

 

Sale Reason

Family reason 

 

Employees

2 full-times + 3 part-time + 2 casuals

Chinese Cuisine- Restaurant - Waterloo NSW

$75,000.00Price
  • Figure Display Type 

    Regular

    Weekly Takings 

    $16,000

    Cost of Goods

    $4,800

    Gross Profit

    $11,200

    Rent (ex GST)

    $1,400

    Outgoings (Water,Council Rate,Strata)

    $360

    Wages $5,000
    Electricity, gas $900
    water $150
    Total Expenses $7,950
    Nett Profit $3,250
    Price $75,000

    Estimated Equipment Value

    $50,000

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