ID:

Chinese Cuisine – Takeaway

Australia
Price: $220,000 For Sale
Restaurant
  • 512
  • 0
  • Takings (p/w): $
  • Rent: $4,850
  • Net Profit: $5,735

Description

Takeaway serving Cantonese – Chinese – Taiwanese cuisine including a large variety of dumplings and entrees such as dim sims and buns. – Also sells noodles, rice dishes and other main courses including vegetarian dishes. – Foodcourt seats 700 + people.

Potential

Update menu to attract more customers - Delivery to local businesses in centre - Currently no advertising and huge room for growth through promotion - Can promote online.

Features

Very consistent clientele and turnover - Excellent location - Well known brand. - Food court seats 700+ people - Profitable - Regretful sale.

Premises

Store of approx 100 sq.mts. wtih recent fitout and large frontage with matching dumpling theme.

Location

Prominent position in high traffic area at the entrance of the food court in Upper North Shore shopping centre.

Trading Hours

7 days - Mon. - Sun. - 9:00 a.m. - 7:30 p.m. except Thurs. - 9:00 a.m.- 9:00 p.m. - Fri. - 9:00 a.m. - 8:00 p.m.

Lease

Current lease commenced July 2017. - Expires July, 2022. - 3 months bond. - C.P.I. annual increases.

Sale Reason

Owner needs to return overseas asap

Employees

1 owner + 2 fulltimers + 3 casuals

Comments

Misc.- 1 refers to g.s.t. & tax payments. - Misc. - 2 refers to eftpos merchant fees. - Insurance cost includes Workers Compensation insurance and business insurance. - Owner needs to return overseas. - This business is genuinely priced to sell. - Owner willing to train. - Landlord requirements will still apply.

Additional Information

Weekly Takings: $22,000
Cost of Goods: $6,600
Gross Profit: $15,400
Rent: $4,850
Outgoings: NA
Wages: $3,800
Telephone: $30
Insurance: $150
Electricity: $95
Gas: $280
Miscellaneous 1: $400
Miscellaneous 2: $60
Total Expenses: $9,665
Net Profit: $5,735
Estimated Stock: NA
Equipment: NA
Return Of Investment: 0.7 year(s)
More Business

Enquiry

Confidentiality Agreement for the Business Between GBE (Global Business Exchange) and * (Interested Party) this must be an individual’s name, NOT a company name

In consideration of Global Business Exchange (being any or all of -, Redfin Partners Pty Ltd entering into discussions relating to the possible acquisition of the assets of any business(es) presented to me by Global Business Exchange and specifically the Listing currently being enquired. I/We hereby agree and undertake as follows:

To treat as totally confidential the identity of the business (es) disclosed to me and any details as to its operation or financial accounts;

Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor whoshall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by Global Business Exchange;

Not to make an approach to the Vendor of any business disclosed to me by Global Business Exchange, or the business’ staff, customers or suppliers without prior arrangement with Global Business Exchange and to refer all queries through Global Business Exchange;

We acknowledge that Global Business Exchange is the introducing agent, and that all offers and deposits for the business, shares or property will be conducted through that office.

If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to -, Redfin Partners Pty Ltd as the case may be;

If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify Global Business Exchange against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach.

That all information is received for no other purpose than the evaluation of the investment potential of the business;

If I decide not to proceed with the investment, I agree to immediately return to Global Business Exchange all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);

Acceptance by Electronic Mail: Execution of this Agreement and transmission between the parties by electronic signature and email response each to the other or their representative will constitute offer and acceptance and satisfy the requirements of Section 5 of the Electronic Transactions Act 2002.

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