XKR1021 - Chinese Cuisine- Restaurant - Top location -Burwood

Overview

Restaurant - mainly serving Shanghai cuisine including steamed buns, wontons,  stir-fried food & signature soup, etc- Good review on the food - Full sized commercial kitchen with woks, deep fryer, walk-in cool room & freezer, new exhaust system - 50 seats downstairs, 2 private room upstairs- 20seats, licensed. Plenty of storage area.

 

Potential

Can extend business hours - expand home delivery with Uber Eats, etc.

 

Features

Top location on the main street of Burwood  - High margins. - reasonable rent with a long lease.

 

Premises

Well presented shop with an area of approx. 250 sq.mts. Ground floor with 40 sq.mts kitchens, cool room, and freezer room, and 100 m2 dining area. First floor with 2 private rooms, a storage room.

 

Location

Prime location on the main road in the InnerWest area. Lots of foot traffic.

 

Trading Hours

7 days - Mon. - Sun, - 11 a.m.- 10 p.m.

 

Lease

Current lease commenced Nov, 2017, 5 years + 5 years  - 3% annual increases - 6 months bond

 

Sale Reason

Family reason 

 

Employees

1 owner ( part time) + 5 full-timers + 2 casuals

 

Comments

Misc 1- waste collection fee, Misc 2 - Council fee, Modern design, and high-quality fit-out, Near new equipment. - stable chef team  - Nothing to spend. - Keen vendor. - Must be sold.

XKR1021 - Chinese Cuisine- Restaurant - Top location -Burwood

$200,000.00Price
  • Figure Display Type   Regular
    Weekly Takings   $23,000
    Cost of Goods $6,900
    Gross Profit $16,100
    Rent (ex GST) $2,622
    Outgoings $769
    Wages $7,000
    Telephone $20
    Insurance $60
    Electricity $349
    Gas $500
    Misc 1 $140
    Misc 2 $68
    Total Expenses $11,528
    Nett Profit $4,572

    Price

    $320,000

    Estimated Stock (additional)

    $5,000

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