Modern Asian Restaurant for Sale Sydney

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Why buy this Modern Asian Restaurant Business

Modern Asian Restaurant for Sale Sydney Asking: $149,000

Business Overview

Located in the heart of the inner west of sydney. One of the first stores to open in 1997 (26 years ago).
This modern Asian Kitchen serves 8 types of Asian cuisines. Modern and traditional including Chinese. Thai, Malaysian, Singaporean. There is huge potential in promoting more dine experience with liquor licence available on premises.

DINE IN 15%
TAKEAWAY 25%
DELIVERY. 10%
UBEREATS & Door Dash 50%

The name and brand is not for sale as the company owns 10 other stores. 7 years lease remaining, low rent, great location currently turning over 15,800 per week. Suitable for a Chef or manager looking to start their own Asian restaurant or an existing Asian restaurant looking to expand.

Premises
100m2 with dine with 12 seats inside and 8 seats outside

Hours of Operation
Monday to Sunday 11.00am to 9.00pm

Potential

* More promotions on Facebook and social media
* Potential for more in house dining to increase the average sale and maximise the liquor licence
Employees

1 x full timers and 6 casual

Lease

10 years lease from December 2020, 7 years remaining, CPI increase per year, 3 months bond


Financials Summary Based on last 12 months Sales
Weekly Takings $15,833
Cost of Goods $4733
Gross Profit $11,100
Rent $672 (Ex GST, includes outgoings)
Wages $3689 (excludes the owners wages)
Telephone $20

Insurance $127
Electricity $168
Misc 1 $3387 (GST, bank fees, uber eats fees)
Total Expense $8063
Net profit. $3037 (profit for 1 working owner 40 hours p/w)
Estimated Stock Value $5,000
Estimated Equipment Value $100,000
Asking Price: $149,000 + Stock

Reason for sale
The owner looking to retire

The Opportunity
Full commercial kitchen with quality European appliances.
Established since 1997 with no competition in the area. Net profit of $3000 for an owner operator. Suitable for a Chef or a restaurant manager looking to start their own restaurant without all the set up cost. The right operator can increase sales to $20,000 per week. All buyers are subject to landlord approval.