XKR1039 - Restaurant- Chinese cuisine- Top location Chinatown - No Chef required

General Description

Chinese cuisine - Restaurant - mainly serving flavor appetizer, Chinese BBQ skewer,  stir-fried food, signature rice noodle soup, noodle soup,  etc- Good reputation - Full sized commercial kitchen with cool room, freezer room, woks, deep fryer, walk-in cool room & freezer. - Best location in Chinatown - All the staffs follow the receipt to cook from the owner undermanagement. No chef required. Under management. 

 

Potential

Hands-on buyer will save on labor cost, 

 

Features

Best location - High margins. - Undermanagement - Easy to run 

 

Premises

Well presented shop with an area of approx. 200 sq.mts. Downstairs -  100 sq.mts includes  30 sq.mts kitchen, cool room, and freezer room and a bathroom, and Upstairs -100 sq.mts includes the dining area, and two bathrooms, and a storage room.

 

Location

Best location on the entrance of the walkway in Chinatown.

 

Trading Hours

7 days - Mon. - Sun, - 11:00 a.m.- 10 p.m.

 

Lease

Current lease expires Nov 2024, 4% annual increases - 3 months bond- New lease available 

 

Sale Reason

Family reason 

 

Employees

Undermanagement - 5 full time - 3casuals 

XKR1039 - Restaurant- Chinese cuisine- Top location Chinatown - No Chef required

$150,000.00Price
  • Figure Display Type

    Regular

    Weekly Takings

    $31,500

    Cost of Goods

    $11,025

    Gross Profit

    $20,475

    Rent (ex GST)

    $6,545

    Outgoings

    $0

    Wages

    $7,200

    Telephone

    $80

    Insurance

    $25

    Electricity

    $420

    Gas

    $460

    Misc 1

    $70

    Misc 2

    $77

    Total Expenses

    $14,877

    Nett Profit

    $5,598

    Price

    $150,000

    Estimated Stock (additional)

    $10,000

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