Restaurant - Chinese cuisine - Avalon

General Information

This popular Chinese restaurant is a long-standing locals & celebrity favourite. Restaurant serving delicious Chinese cuisine including Dim-sum, Noodles, stir frys, Fried rice, soup, Seafood specials and hot and cold drinks. - 90 seats inside - Liquor License until 10:30 p.m. - Home delivery through Own Website and app. - 80% of customers dine in.

Potential
No competition for Asian food in this area - Huge potential - do more advertising and promotion - extend opening hours . - Would suit Chinese, Japanese and Korean cuisines.

Features
Good size restaurant - No competition - free parking outside. Full Commercial Kitchen ; Full Liquor License + Juice Bar ; 3 wok stove + 4 Burner + 1 Deepfry + 2 Freezer + Ice Maker + Dishwasher

Premises
This business has an area of 200 sq.mts. Free parking spaces available;

Location
The Restaurant located in Sydney N
orthern Beaches area , Situated on busy main road. In proximity to high net worth suburbs as well as more family-oriented suburbs.

Trading Hours
7 days - Sunday -Thusday 5 p.m. - 9:30 p.m.   Fri & Sat 5p.m. - 10:30p.m.

Lease
Current lease expires Oct. 2021 with 5 Yrs Option - 4 months bond - 4% rent increases per year.

Employees
3 Full-times + 2 Casuals

Comments
This well managed Chinese Cuisine Restaurant has Good public review online, high profit with reasonable selling price. Suitable for family business or could change to any other type of cuisine.

Restaurant - Chinese cuisine - Avalon

$148,000.00Price
  • Figure Display Type

    Regular

    Weekly Takings

    $13,000

    Cost of Goods

    $2,600

    Gross Profit

    $10,400

    Rent (ex GST)

    $1,853

    Outgoings

    $334

    Wages

    $2,500

    Electricity, gas

    $300

    Other costs

    $1,200

    Total Expenses

    $6,187

    Nett Profit

    $4,213

    Price

    $148,000

    Estimated Stock (additional)

    $2,000

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