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#Business ID: 36486

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Beautiful Modern Chinese Restaurant and Bar

Business Location: NSW, Australia

Asking Price: AU$ 685,000 Revenue: not disclosed Cash Flow: not disclosed

Business Summary

This is a stunning and beautifully presented Modern Chinese restaurant and bar with high turnover, long lease  and plenty of foot traffic. Serving Asian specialities including dim sum, srir fries, soup, peking duck, seafood, and all the favourites.  Surrounded by offices, hotels and retail in the heart of the CBD. Established in February 2021. Selling price $685K plus stock.

Key Features
* Excellent street level location with glass frontage 
* Weekly sales $40,000 inc. gst per week and growing 
* 7 Days trade - 11.30 am - 3 pm & 5 pm - 10 pm 
* Full Kitchen with quality equipment, walk in cool room & freezer
* Great long lease till Jan 2030 + 5 year option , 4% yearly increases, 4-month Bond  
* Rent $3,223 p.w. exc. GST 
*  Seating areas for up to 80 people plus free outdoor seating  -Shop size is 117 m2 
* Total set up & fit-out cost is over $700,000; no equipment is leased all owned out right will come with the business. All top quality including a Carbon Filter Exhaust hood cost $100,000.00. Luus steamers and Double Woks and Zanussi dishwasher 
* Currently run Under Management.  However, an own operator or couple would increase profit and save on wages 
* Owner will provide full training to new buyers as required
* Fully Licensed till to 10pm and up  to 2 am on New year eve and other festival days 
* Plenty of potential to expand catering, delivery and do more parties and functions 
* Huge potential for growth
* Should be suitable to qualify for 457 sponsorship


Listing ID: NSW10673

Broker: Jan Forsyth

Phone: +61 411 510 610

Email: [email protected]

To find out more, press the "Enquire Now" button to complete an online confidentiality agreement.

Note that some details of the business for sale are confidential and disclosure is subject to completing a Confidentiality Agreement and the discretion of the broker.

Stock photo images may be used to represent the business on an unidentified basis. Purchasers are required to make their own enquiries in order to verify the information provided.
Ref: NSW10683
Timestamp: 20221119020034

Property Details

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