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Chinese Cuisine - Restaurant - Takeaway - Under Management - Restaurant - Chinese - Dumpling - South Sydney Area - Profit $3580 p.w. - M2060

Chinese Cuisine - Restaurant - Takeaway - Under Management - Restaurant - Chinese - Dumpling - South Sydney Area - Profit $3580 p.w. - M2060

Preview Listing
Preview Listing

Location Details :

Country

Australia

State

New South Wales

City

Hurstville


Industry :
Food/Hospitality
Sub Industry :
Restaurant

Chinese Cuisine - Restaurant - Takeaway - Under Management - South Sydney - Agent SBX Code Number: M2060

Restaurant serving Chinese cuisine and specialising in serving handmade dumplings- with flavor of pork, beef, chicken, lamb, seafood and vegetarian etc, - Also sells wonton soup, chilly noodles, jelly fish and spicy beef dishes.- Full commercial kitchen with cool room and walk in freezer. - 40 seats inside.

Potential
This young business has great potential to grow. - Could add more products. - Extend home delivery through internet ordering website. - ideal family business. - Suit owner operator to reduce wages and boost sales.

Features
Perfect location. - Low rent for the shop size. - Very low food cost. - High margins. - Under management.

Premises
Newly renovated shop with an area of approx. 120 m2 plus approx. 150 m2 warehouse area at back which has not been used yet.

Location
Prime street front location in very busy shopping street of South Sydney.

Trading Hours
7 days - 11 a.m.- 930 p.m.

Lease
3 + 3 year lease commenced Dec. 2018. - 3% increases. - 3 months bond.

Employees
Under management - 1 Manager + 3 staff

Comments
The profit shown is based on one owner working in the business and the Managers wage of $1450 has been removed and added to nett profit. - The large warehouse at the back opposite the council parking area can be set up as an Asian supermarket or fruit market if desired with one shop paying same rent for two businesses. - Great opportunity. - A must to inspect.

Figures
Weekly Sales $12000
Rent (ex GST) $1528
Wages $2940
Profit $3580


Agent SBX Code Number: M2060 - SBX Business Brokers

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SBX Business Brokers is one of the largest business brokers in Australia servicing Sydney, Melbourne, Brisbane and the Gold Coast. With over 30 years of experience, you can be assured that SBX will provide you with a premium service.  

Headed by Colin Bennie and an extensive team of multi-lingual brokers, SBX will match the right business with the right buyer. Our team will personally take on each business and market it individually, as well as handle all of the details of meetings and inspections. SBX will assist you in understanding all of the legal requirements, rental bonds, insurance and other requirements that may relate to selling or purchasing a business in Australia.

 

SBX sells all manner of businesses from small owner-operator businesses to franchises and multi-million dollar businesses.

 

To find out more about how SBX Business Brokers can assist you, simply register online or contact the office.

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