Established, Well-loved Restaurant for Sale, Haymarket, Sydney CBD

Haymarket NSW · Restaurant · Chinese Restaurant

Restaurant Cafe Chinese Restaurant Asian Restaurant Tea Shop

Asking price $100,000

Not checked by Business For Sale Send enquiry

Not checked by Business For Sale

01 · THE OVERVIEW

About this business

In the broker's words

Full description, as written by the broker

BUSY LOCATION - STRONG REPEAT CUSTOMERS

This family-owned restaurant was started by the current owner 9 years ago and has built a strong reputation for its authentic hand-pulled noodles and handmade dumplings. The business enjoys strong support from regulars, students and tourists, making it a well-loved dining spot in Sydney’s busy Haymarket area.

The restaurant faces Quay Street, in a 7-storey mixed-use building with a variety of food and drink options and shops on street level, plus office and retail spaces inside.

The surrounding area is a mix of commercial, retail, and residential developments. The Quay mixed-use development is located to the west of the site. To the north of the site is the Paddy’s Markets, while the University of Technology Sydney is located to the south.

Business Highlights:

Unique building
Long history of consistent trading
Renovation completed in 2020
Full commercial kitchen
New lease

The business operates 98 hours per week and has a team managing day-to-day operations, but it is best suited for an owner-operator. Trading hours in the area could be extended to increase revenue.

The owner has other business interests that need his full attention, and a reluctant decision has been made to offer the business for sale. The owner would be willing to continue to assist the new owner further develop the market and share ownership in a new venture is amongst options the vendor would consider, as would a consultancy role. A straight sale will also be considered.

PRICE: $100,000

02 · KEY FACTS

Key facts

Details are as stated by the broker.

Business type: Chinese Restaurant
Reason for sale: The owner has other business interests that need his full attention (from the broker's description)
Established: 9 years ago (from the broker's description)

Details are as stated by the broker in the description and have not been checked by Business For Sale.

03 · LOCATION