Overview
Restaurant - mainly serving Sichuan 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, walk-in cool room & freezer. -licensed- undermanagement.
Potential
Can extend business hours - hands-on buyer will save on labor cost
Features
Best location - High margins. - reasonable rent with a long lease.
Premises
Well presented shop with an area of approx. 250 sq.mts, 60 sq.mts kitchen, cool room, and freezer room, and 160 sq.mts dining area, and bathrooms, one parking space.
Location
Prime location on the main road in the InnerWest area. Lots of foot traffic.
Trading Hours
7 days - Mon. - Sun, - 11:30 a.m.- 2 a.m.
Lease
Current lease commenced June, 2019, 5 years + 3 years - 4% annual increases - 6 months bond
Sale Reason
Family reason
Employees
5 full-timers + 4 part- time + 3 casuals
XKR1025 - Chinese Cuisine- Restaurant - Top location -Inner West- Undermanagment
Figure Display Type
Regular
Weekly Takings
$40,000
Cost of Goods
$11,000
Gross Profit
$29,000
Rent (ex GST)
$5,874
Outgoings
$0
Wages
$10,000
Electricity, gas
$1,100
Other costs
$300
Total Expenses
$17,274
Nett Profit
$11,726
Price
$320,000
Estimated Stock (additional)
$5,000