Restaurant-Chinese / Asian Cuisine
Business Code: M2143
$120,000
Enquire now+ Estimated Stock (SAV) $8,000
Key Features: Good location. - Long established for 42 years. - Well known to locals. - Loyal local customers. - Stable income. - Short trading hours, 6 dinners only. - Long lease available. - Great potential.
State: NSW
Suburb: Newport
Location: Prime street front location in affluent area of Northern Beaches.
Premises: Well presented Chinese style fittings restaurant with an area of approx. 200 m2 plus one large store room in car parking area.
Retiring after 38 years.
Sale Reason
1984
Established
Street parking
Parking
2 owners + 1 chef + 4 kitchen hands + 5-6 casuals including home delivery drivers.
Employees
6 nights, Tuesday to Sunday: 5 p.m to 10 p.m. Friday & Saturday till 11 p.m. Mondays closed.
Trading Hours
The vendor is landlord. New 3 + 3 or 5 + 5 years lease available with 3.5% annual increases and 3 months bond.
Lease
Restaurant serving authentic Asian & Chinese cuisine, specialising in Hong Kong style food. Fully licensed. - Open 6 dinners. - Fully equipped kitchen with large cool room. Licensed. - 100 seats.
Features
Good location. - Long established for 42 years. - Well known to locals. - Loyal local customers. - Stable income. - Short trading hours, 6 dinners only. - Long lease available. - Great potential.
Potential
Could open 7 days. Could trade lunch. Expand home delivery through internet order system. Could convert to different cuisine.
Comments
Total rent is plus GST and plus Outgoings. Strata levies $1,600 p/a, council rates $1,600 p/a & water rates $3,600 p/a; average $408 per week.. Misc. 1-refers to water usage, rubbish bill, bank fee etc. First time on market in 42 years. For more details please discuss with your broker. Keen vendor needs to retire. Freehold property for sale if desired. Inspections through SBX business brokers.
