Restaurant - Chinese Cuisine - Takeaway - Under Management
Business Code: SM1516
$150,000
Enquire now+ Estimated Stock (SAV) $35,000
Stock image for illustration only. Real photos are available after you register as a buyer.
Key Features: Chinese restaurant - Upper North Shore - Netting over $5000 p.w. - Licensed
State: NSW
Suburb: St Ives
Location: Best location in shopping centre in the Upper North Shore facing open space car park.
Premises: Business with state of the art fit out with top quality equipment and an area of approx. 150 sq. mts.
Business Overview
Restaurant - takeaway serving authentic Chinese cuisine, specialising in Hong Kong style food with daily Yum Cha. The menu includes entrees, soup, king prawns, seafood, beef, chicken, pork, Peking duck, vegetarian, noodles etc. Also does specialty creations. All food is prepared fresh and tastes delicious. Fully equipped kitchen with large cool room. Well known within the local community for great traditional food and service. Also does home delivery. - Licensed and BYO. - 112 seats.
Family reasons.
Sale Reason
Shopping centre parking plus ample Council car park.
Parking
Under Management - Owner (admin only) + 6 full time staff + 2 casuals.
Employees
7 days. - Lunch: 11:30 am to 3:00 pm. Dinner: 5:00 pm to 9:00 pm.
Trading Hours
Current lease expires March 2028. Currently 4% annual rental increases until October 2026 then 5%. - 3 months Bank guarantee.
Lease
Features
- Good location. Regular customers. Well known to locals. Walk-in cool room. Fully licensed. Open 7 days.
- Under Management
Potential
A hands on full time owner operator could save on wages and make more profit. Promote on social media to boost sales.
Comments
Misc.- 1-Refers to bank fees and other general business expenses. Owner will provide full training. Quick sale needed. Motivated vendor - a must inspection. Staff are not aware. Inspections only through your SBX broker.
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