XKR1025 - Chinese Cuisine- Restaurant - Top location -Inner West- Undermanagment

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

$320,000.00Price
  • 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

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