This is a stunning and beautifully presented Modern Chinese restaurant and bar with high turnover, long lease and plenty offoot traffic.
Extensively equipped with a modern fit-out- 3 years trading, prime Sydney CBD location, profitable and popular - Sales approx. $3 Millp.a.Serving Asian specialitiesincluding dim sum, stirfries, soup, Pekingduck, seafood, and all the favourites. Surrounded by offices, hotels and retail in the heart of the CBD.
Established in February 2021.Selling price $768K plus stock.
Key Features
Excellent street level location with glass frontage
Weekly sales approx. $55,000 inc. gst per week .7 Days trade - 11.30 am - 3 pm & 5 pm - 10 pm
Full Kitchen with quality equipment, walk in cool room & freezer
Great long lease till Jan 2030 + 5 year option , 4% yearly increases, 4-month Bond
Rent $3,488 p.w. exc. GST
Seating areas for up to 80 people plus free outdoor seating -Shop size is 117 m2
Total set up & fit-out cost was $700,000; noequipment is leased all owned out right will come with the business.
All top quality including aCarbon Filter Exhaust hood cost $100,000.00. Luussteamers and Double Woks and Zanussidishwasher.
Currently run Under Management. However, an own operator or couple would increase profit and save on wages
Owner will provide full training to new buyers as required
Fully Licensed tillto 10pm and up to 2 am on New year eve and other festival days
Plenty of potential to expandcatering, delivery and do more parties and functions
Huge potential for growth
Should besuitable to qualify for 457 sponsorship
Listing ID: NSW10673
Broker: Jan Forsyth
Phone: +61 411 510 610
Email: jan.forsyth@linkbusiness.com.au
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Ref: NSW10683
Ref: NSW10683
Timestamp: 20250211050003
