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Restaurant - Chinese Cuisine - Restaurant Serving Chinese Cuisine - Sales $22k P.w. - Nets $5k P.w. For Sale

Waterloo, New South Wales, Australia
Asking Price:
$188,000 (AUD)
Sales Revenue:
$1,144,000 (AUD)
Cash Flow:
$260,000 (AUD)

Restaurant serving Chinese cuisine - Cumin and Chilli-Spiced Skewers. Well known for the Xinjiang-style lamb and beef skewers fired over hot coals There are also pippies with XO, lobster and a Sichuan-style grilled barramundi hotpot with tofu and lotus root. Pair it all with jugs of Asahi or Chinese beer. Full kitchen & walk in cool room - 35 seats inside - 25 outside.

Potential
New owner operator could increase sales & reduce wages to increase profits. - A new owner could operate with a different cuisine. - Could change opening hours.

Features
Very busy area with lots of International students. Well established business - No competition for late night dining. - Great fit out. - Large well equipped kitchen.

Premises
This restaurant has an area of 138 sq. mts, of which more than 40 sq. mts. is the kitchen and the rest is divided into two parts the inner and outer dining areas with a very good ambiance.

Location
Well located in City fringe with multiple high density residential apartments and is an international student area. Prime location on the main street.

Trading Hours
7 days - 2 pm to 2 am.

Lease
5 year + 5 year lease expires 2031. - 3 month bond. - 3% annual Increases.

Employees
1 owner (part time) + 4 casuals (as required)

Comments

Property Information

Location:

Well located in City fringe with multiple high density residential apartments and is an international student area. Prime location on the main street.

Business Operation

Expansion Potential:

New owner operator could increase sales & reduce wages to increase profits. - A new owner could operate with a different cuisine. - Could change opening hours.

Trading hours:

7 days - 2 pm to 2 am.

Employees:
1 owner (part time) + 4 casuals (as required)
Years established:
2021