Restaurant for Sale Sydney

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Why buy this Restaurant Business

Restaurant for Sale Sydney Asking: $99,000

This Asian restaurant, located on King Street, Newtown, Sydney, offers a unique opportunity for entrepreneurs or investors to step into an already established business in one of the city's busiest areas.

Key Features:
* Location : King Street, Newtown, a high-traffic, trendy area of Sydney.
* Cuisine: Currently serves Asian cuisine, but the space can be adapted for other styles.
* Size & Seating: 245 square meters, with a total of 85 seats, including 60 indoor seats and 25 outdoor seats.
* Rental cost: $4500 per week, in addition to GST.
* Operating Hours: 11 a.m.10 pm, with the potential to extend hours to include breakfast service.
* Facilities : Fully equipped commercial kitchen and large storage room
* Fitout: Recently renovated, giving the restaurant a fresh, modern look.
* Lease: The current lease expires Feb 2030, with a five-plus-five-year renewal option and CPI-based rent increases.
* Liquor License : Includes a liquor license, Separate Bar