• Signup
  • Login
Posted 31/03/2020 in Food and Beverage by ABBA Group

Prestigious Chinese Restaurant Sydney, North Shore | ID: 789

Crows Nest NSW 2065, Australia
$80,000.00 Restaurant / Business For Sale
Contact Member

Summary

An excellent business is on offer, priced to sell and will not last long. Located in a very popular suburb within 5km of Sydney’s CBD.

About the Business

A rare opportunity to acquire a highly esteemed and profitable restaurant located in a very popular suburb within 5km of Sydney’s CBD.


An excellent business is on offer, priced to sell and will not last long.

Key Features:

The venue has a vast seating capacity for 200 including 120 downstairs at street level dining and 80 seats upstairs across 3 function rooms. Total 500sqm.Highly desirable, established retail operation plus function venue site. Popular for large private celebrations such as weddings/engagements, premium corporate functions, and other tailored events.On-Premises liquor license.Easy access with street car parking and nearby council / shopping centre car parks. Beautifully appointed, modern fit-out with an extensive unencumbered equipment list. Fit-out designed by a food & beverage industry expert, featuring fully equipped modern kitchen, walk-in cooler and freezer rooms, laundry, office, cash room. Upstairs bar and service kitchen with automated lift / dumb waiter dual delivery / access points at rear to ensure product supply occurs conveniently at the back of the restaurant. All facilities exist to produce exquisite, modern Chinese or another Asian style cuisine at a large scale e.g. combination steam ovens, fish tanks, multiple burner wok burner station, facility for BBQ duck, etc. Generous lease term to 30th April 2026 with a supportive landlord. Low rent of $206K ex GST per annum equates to approx. 10% of sales.DA to operate 7 days. Currently operating 6 days lunch 11am-3pm, dinner 5:30pm- 10pm with option to extend. It starts at 10:30 am on Saturday. Enormous potential for genuine growth and value add opportunities. The business could easily be run under management or owner-operated. Genuine reason for sale (owner has multiple other business ventures).Strong social media base and outstanding feedback from online review platforms. Full financials are available. Contact broker.

Potential

Increase daily trading, capturing 7 days thus materially increasing sales. The very large kitchen could easily support a variation in the current menu based on the owner’s creative ambitions. Opportunity for the savvy marketer to ramp up the promotions and social media platforms to increase venue profiles. The venue could easily be reconfigured and rebranded according to the new owner’s focus. Potential to build on function revenue using the brand’s existing reputation and the current strong client base.

If you like to know more about the Business please complete our online confidentiality agreement here:

https://www.abbabusinesssales.com.au/ca-forms/ca-form-789

or visit our Website www.abbabusinesssales.com.au and use reference #789 to search for the business. 

Share this business


Posted By

ABBA Group

Show Phone Number
View Profile

Business Broker
Member since 02/03/2020

Contact Member

Listing Details

  • Asking Price
  • $80,000.00
  • Price Comments
  • Contact Broker
  • Status
  • Business For Sale
  • Business Type
  • Restaurant