Chinese / Hong Kong restaurant - Long established - Net $4210 p.w. - M2143

Restaurant-Chinese / Asian Cuisine - Northern Beaches - Agent SBX Code Number: M2143

pRestaurant 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./p

Potential
Could open 7 days. Could trade lunch. Expand home delivery through internet order system. Could convert to different cuisine.

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.

Premises
Well presented Chinese style fittings restaurant with an area of approx. 200 m2 plus one large store room in car parking area.

Location
Prime street front location in affluent area of Northern Beaches.

Trading Hours
6 nights, Tuesday to Sunday 5 p.m to 10 p.m. Friday & Saturday till 11 p.m. Mondays closed.

Lease
The vendor is landlord. New 3 + 3 or 5 + 5 years lease available with 3.5% annual increases and 3 months bond.

Employees
2 owners + 1 chef + 4 kitchen hands + 5-6 casuals including home delivery drivers.

Comments
pTotal 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./p

Figures
Weekly Sales $20000
Rent (ex GST) $2300
Wages $6000
Profit $4210

Agent SBX Code Number: M2143 - SBX Business Brokers

For more details, please email broker or call agents.