Popular Chinese Restaurant in Northwest Sydney

Price: $550,000 Location: Northern Suburbs, NSW Ref: 4921866
Agent:
Amy Li
Agent Phone:
Office Phone:
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Business Headline :
Popular Chinese Restaurant in Northwest Sydney
Price :
$550,000
Category :
Food/Hospitality, Restaurant, Takeaway Food
Full Description :

This busy Chinese restaurant is located on the main street in one of Sydney’s Northern suburbs, a popular home of the Chinese community. It is close to everything: local shopping centre, school and train station.

  • Well established and well known restaurant in the Chinese community.
  • Located in the middle of the main street with high foot traffic, open 7 days a week.
  • Long lease till 2026.
  • Ground level is 145 square meters, seating for 60 people.
  • With walk-in cool room, storage room and 5 parking spaces.
  • Fully functional kitchen.
  • Renovated by current owner in 2018, bringing customers a warm, elegant feel.
  • The upstairs is sub-leased and bringing the rent down by 23%.
  • Huge potential to grow/expand.

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4921866#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=4921866#enquire-now

Annual Rent : $261,816 - Weekly Rent : $5,035

Annual Turnover : Not Disclosed - Weekly Turnover : Not Disclosed

Annual Gross Profit : Not Disclosed - Weekly Gross Profit : Not Disclosed

Annual Ebit : Not Disclosed - Weekly Ebit : Not Disclosed

Premise : Leased

Lease Commencement : Jun 2015

Lease End : Jun 2021

Lease Option: 5 years

Total No of Parking : 5

Franchise : No

Approximate Stock Value : $5,000

Year Purchased : 2017

Year Established : 2012

Days Trading : 7

Reason for Sale : Other business interest

Location : Eastwood

Business Potential : Online promotion

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