Upper North Shore - Asian Licensed Restaurant - Franchise

General Information

This newly fitted out Famous Asian Franchise Restaurant is strategically located on a popular shopping strip surrounded by restaurants, banks, a post office, and other key retail outlets.Close to Train station with heavy foot trafic. Fully equipped with a full commercial kitchen and seating for 60, this business thrives as an Asian restaurant with no competition, This is a must-see with huge potential.

 

Potential

Suitable for 188A visa applicant, This business is constantly growing. An active owner operator could increase sales to a high level.

 

Features

- High profit margins

- Reasonable rent

- Very well established. Prime location.

- No competition in the area.

- Very easy to run.

- Good brand with strong support from the Franchisor.

- Liquor license until 10:00 pm.

- Secure 7-year lease

- All equipments included

 

Premises

Large shop front ; high exposure; Very well presented Restaurant with an area of 150 sq. mtrs, and lots of seating inside + outside.

 

Location

Prime location in busy Upper North Shore Suburbs eat street close to train station with heavy foot trafic. Restaurant is strategically located on a popular shopping strip surrounded by restaurants, banks, a post office, and other key retail outlets.

 

Trading Hours

7 days - 11 a.m. to 9.00 p.m.

 

Lease

7 Years lease ;-C.P.I + 2.5% increases - 6 month bond

 

Employees

8 Fulltime + 3 Casuals.

 

Comments

First time on the market and a must to inspect - Full financial figures can be obtained from the vendor after a satisfactory meeting has been held between both parties. - The business has grown organically by word of mouth alongside growth of the area. - No money has been spent on advertising or promotion.

Upper North Shore - Asian Licensed Restaurant - Franchise

$498,000.00Price
  • Figure Display Type   Regular
    Weekly Takings   $35,000
    Cost of Goods $10,000
    Gross Profit $25,000
    Rent (Inc.GST&OUTGOINGS) $3,600
    Outgoings $0
    Wages $11,500
    Telephone $20
    Insurance $40
    Electricity $350
    Gas $650
    Misc 1 $2,200
    Misc 2 $2000
    Total Expenses $20,360
    Nett Profit $4,640

    Price

    $498,000

    Estimated Stock (additional)

    $3000

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