SOLD!!!
- Very profitable locally driven Chinese restaurant situated in Sydney's Western suburb is now up for sale
- The restaurant is very famous among local residents and current owner has been in operation for the past 10 years.
- The average weekly sale are hovering around $33,000/week
- The rent are low with only $1,100/week (inc. GST)
- The fully equipped kitchen is fitted with 7 wok burners and 2 cool rooms.
- To mention the scale of operation, the rice consumptions is around 18~20 bags of 20kg per week.
- Staff roster:
1) 6 kitchen
2) 4 front
3) 2 dedicated delivery drivers
4) 2 owners (kitchen & front)
- The restaurant recently went green by fitting 90 panels of solar panels on the roof and this has reduced the energy cost significantly.
- It was a difficult decision to let go of the restaurant in hand of the owner for the past 10 years. However, owner has commitment and has decided to retire upon sale.
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Financial Guideline:
Sales: $38,000/week
Rent: $1,100/week inc. GST
Staff wage: $10,000/week (super included)
Net Profit: $10,000~12,000/week (2 owner's wage included)
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Enquiries to Exclusive Agent:
Alex Young Kim
Principal (Licensee-In-Charge)
Licensed Real Estate and Business Agent | iDEAL Realty Advisors
Suite 20/301 Castlereagh Street Sydney, NSW 2000 Australia
T: 61 414 088 089
https://realtyadvisors.com.au/
Disclaimer: All information contained herein has been furnished to us by third party suppliers. We have not verified this information but have no reason to doubt its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. Suggested financial guideline may have been impacted by the COVID impacted due to volatile trading conditions. All interested parties should make and rely upon their own inquiries to determine whether or not this information is in fact, accurate.
