ID:

Restaurant – Chinese Cuisine – Takeaway – Seafood

Australia
Price: $300,000 For Sale
Restaurant
  • 376
  • 0
  • Takings (p/w): $14,000
  • Rent: $3,000
  • Net Profit: $4,000

Description

Restaurant serving Chinese cuisine including dim sim entrees, long / short soups, seafood stir fries, fried rice / noodles, black pepper steak / lamb, roast duck. -Spacious dining area suitable for family, corporate or private events. – Also includes karaoke facilities and separate bar for drinks. – Full kitchen – Seats 80 inside. – Licenced – Sizeable takeaway and delivery business partnering with Menulog.

Potential

Could open for lunch - Introduce Yum Cha menu for lunch - Push events and catering sales

Features

Limited competition - Loyal and consistent clientele - Restaurant can cater to group events such as karaoke & singing facilities - Full bar and liquor licence

Premises

Recently renovated premises with an area of 200 sq.mts.

Location

Prime location near busy street and popular tourist beach in Eastern Suburbs.

Trading Hours

7 days - Mon. - Sun. - 5:00 p.m. - 11:00 p.m.

Lease

Current lease expires Nov. 2019 + 5 years option. - 4% annual increases. - 6 months bond.

Sale Reason

Family reasons

Employees

1 owner + 1 fulltimer + 5 casuals

Comments

Misc.- 1 - Eftpos merchant facility fee. - Genuine opportunity.

Additional Information

Weekly Takings: $14,000
Cost of Goods: $3,500
Gross Profit: $10,500
Rent: $3,000
Outgoings: NA
Wages: $2,900
Telephone: $40
Insurance: $40
Electricity: $200
Gas: $190
Miscellaneous 1: $40
Miscellaneous 2: $90
Total Expenses: $6,500
Net Profit: $4,000
Estimated Stock: $3,000
Equipment: NA
Annual Turnover: $728,000
Net Profit Margin: 28.6%
Return Of Investment: 1.4 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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