Modern Chinese Restaurant & Bar with Strong Profit

Sydney NSW
Asking Price Contact Seller for Price
About
This is a stunning and beautifully presented Modern Chinese restaurant and bar with high turnover, long lease  and plenty of foot traffic.  Extensively equipped with a modern fit-out - 2 years trading, prime Sydney CBD location, profitable and popular - Over $2.4 mill p.a. Serving Asian specialities including dim sum, stir fries, soup, peking duck, 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 $45,000 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 $3,223 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 is over $700,000; no equipment is leased all owned out right will come with the business. All top quality including a Carbon Filter Exhaust hood cost $100,000.00. Luus steamers and Double Woks and Zanussi dishwasher.

- 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 till to 10pm and up  to 2 am on New year eve and other festival days 
- Plenty of potential to expand catering, delivery and do more parties and functions 
- Huge potential for growth
- Should be suitable to qualify for 457 sponsorship

Listing ID: NSW10673

Broker: Jan Forsyth
Phone: xxxxx
Email: jan.xxxxx

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Note that some details of the business for sale are confidential and disclosure is subject to completing a Confidentiality Agreement and the discretion of the broker.

Stock photo images may be used to represent the business on an unidentified basis. Purchasers are required to make their own enquiries in order to verify the information provided.

Ref: NSW10683
Ref: NSW10683
Timestamp: 2023xxxxx
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