Asian Restaurant for Sale in Kogarah Town Center, Sydney South
**Location:** Kogarah Town Center
**Size:** 45 sqm
**Summary**
An exceptional opportunity to own an established Asian restaurant located in the heart of Kogarah Town Center. The restaurant currently serves a variety of Asian cuisines, with the flexibility to transition to other Asian dishes or even a café brunch concept, subject to center approval.
**Key Features**
- Prime Location: Situated in a bustling center that houses prominent supermarkets Woolworths and ALDI. The center is directly connected to Kogarah train station, making it a unique central hub in the area.
- High Foot Traffic: The location is surrounded by several schools, hospitals, and bank headquarters, ensuring a constant stream of customers. The restaurant is also positioned at the center's entrance, next to the district's main bus station, attracting significant foot traffic during peak hours.
- Recent Renovations: Over AUD 100,000 invested in updating equipment and refurbishing the space, ensuring a modern and appealing environment for diners.
- Operational Flexibility: Currently operates weekdays from 7am to 10pm and weekends from 10am to 10pm, allowing for a broad service window and diverse customer base.
**Potentials**
- Menu Expansion: Potential to introduce new Asian cuisines or transform into a café brunch spot, catering to the diverse tastes of the local community.
- Increased Marketing Leveraging the high foot traffic with targeted marketing campaigns can further boost sales.
- Extended Hours:Opportunity to extend operating hours to capture late-night diners or early morning customers.
**Approved Operation Hours**
- Weekdays: 7am - 10pm
- Weekends: 10am - 10pm
**Lease Details**
- Rent: $67,250 gross per year (including GST and outgoings)
- Lease Term: 5-year lease until March 2028 with a fixed annual rent increase of 4%
**Reason for Sale**
The owner is selling due to family commitments and the long commute from their residence. This is a low-priced opportunity for a motivated buyer to take over a thriving business in a prime location.
For further information or to inspect the business, please email the broker for an NDA form or contact Jeffrey Lei at 0405 888 800.
**Disclaimer**
The information contained in this advertisement is provided in good faith. Prospective purchasers are advised to carry out their own investigations and due diligence. All figures quoted are approximate and subject to change.
