Priced To Sell! - Modern Asian Kitchen Netting $3000 P/week - Inner West Sydney

Balmain NSW
Asking Price $149,000
Business Overview

Located in the heart of the inner west of sydney. One of the first stores to open in 1997 (26 years ago).
This modern Asian Kitchen serves 8 types of Asian cuisines. Modern and traditional including Chinese. Thai, Malaysian, Singaporean. There is huge potential in promoting more dine experience with liquor licence available on premises.

DINE IN          15%
DELIVERY.      10%
UBEREATS & Door Dash  50%

The name and brand is not for sale as the company owns 10 other stores. 7 years lease remaining, low rent, great location currently turning over 15,800 per week. Suitable for a Chef or manager looking to start their own Asian restaurant or an existing Asian restaurant looking to expand.

100m2 with dine with 12 seats inside and 8 seats outside

Hours of Operation
Monday to Sunday  11.00am to 9.00pm


*  More promotions on Facebook and social media
*  Potential for more in house dining to increase the average sale and maximise the liquor licence

1 x full timers and 6 casual


10 years lease from December 2020, 7 years remaining, CPI increase per year, 3 months bond

Financials Summary  Based on last 12 months Sales
Weekly Takings   $15,833
Cost of Goods     $4733
Gross Profit         $11,100
Rent                      $672 (Ex GST, includes outgoings)
Wages                  $3689 (excludes the owners wages)
Telephone           $20

Insurance            $127
Electricity        $168
Misc 1                   $3387 (GST, bank fees, uber eats fees)
Total Expense     $8063
Net profit.            $3037 (profit for 1 working owner 40 hours p/w)
Estimated Stock Value $5,000
Estimated Equipment Value $100,000
Asking Price:        $149,000 + Stock

Reason for sale
The owner looking to retire

The Opportunity
Full commercial kitchen with quality European appliances.
Established since 1997 with no competition in the area. Net profit of $3000 for an owner operator. Suitable for a Chef or a restaurant manager looking to start their own restaurant without all the set up cost. The right operator can increase sales to $20,000 per week. All buyers are subject to landlord approval.
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