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Fully Managed Malaysian Chinese Restaurant For Sale

Northern Suburbs Sydney, New South Wales, Australia
Asking Price:
$500K - $1M (AUD)
Sales Revenue:
$1M - $5M (AUD)
Cash Flow:
$250K - $500K (AUD)

A fully managed restaurant making massive profits in Northern Sydney‘s landmark shopping centre frequented every day by the uni students and residents nearby.

· A Chinese Malaysian dine-in/takeaway restaurant offering a convenient and authentic Asian inspired menu of HK-style BBQ, laksa, stir-fried favourites and more
· Sales has been climbing since FY17, averaging in $1.8mil a year with 3.5%-4.5% increase each year
· Sales never dropped below $1.7mil over the past 5 years ever since the shopping centre relaunched in FY15
· The business has been entirely and virtually under management, as well as fully operational by complete independence since its inception
· The owner owns multiple businesses across different industries and never worked in the restaurant
· Only a more dedicated owner-operator can truly capitalise on the massive revenue and maximize the profits

Financials:

Sales: ˜ $36,000/wk
Profit: ˜ $8,400/wk
Rent: ˜ $5,300/wk
Wages: ˜ $8,500/wk (under management)
Utilities: ˜ $750/wk

Property Information

Real Estate:

Lease

Lease Terms:

Expiry in July 2024

Location:

The business is located right at the entrance of a landmark shopping centre in the Northern Suburbs of Sydney, frequented by the nearby students and residents

Premises Details:

Approx. 78 sqm including 35 sqm kitchen/preparation area, 81 seats

Business Operation

Trading hours:

Monday, Wednesday and Sunday 10:30AM-7PM, Tuesday till 8:30PM, Thursday to Saturday till 9:30PM

Employees:
Under management; 3 full time cooks and 2 part time kitchen hands a week; 3-4 (on Thursdays) staff a day at the front of the house

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