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About this Business for sale in Northern Suburbs - Sydney

Northern Sydney Coastal Suburb Chinese Restaurant for Sale – First time in 29 years

The owner is retiring – must sell!

Don’t miss out on this rare opportunity to own a well-established Chinese Restaurant in a beautiful coastal suburb in Northern Sydney. The long-established traditional Chinese restaurant is the choice of Chinese food in the area. The business offers a wide variety of Cantonese Chinese dishes, it caters to different taste and budget. It has a loyal and repeating customer base. The restaurant satisfies their Chinese craving tummy for many local residents and visitors and is also part of their family memory. The profit-making restaurant offers a great opportunity and massive potential for an ambitious new owner to operate a successful restaurant in Northern Sydney.

Key Features

  • Current average intake $11,000 a week
  • Easy to operate, low cost and high gross margin
  • Open 6 days, 4 lunches and 6 dinners (due to the owner’s age)
  • 80 – 90 indoor seats when no COVID restriction
  • The restaurant has not signed up with any delivery platforms
  • Great location, adjacent to the shopping areas, easy street access for delivery pick up
  • 2 years + 2 years lease
  • Rent $6,163.00 a month incl. GST
  • Fully licenced
  • The friendly vendor is able to provide training and flexible arrangement to support the new owner
  • Asking price $110,000 + Stock

Want to Know More?

Contact us today for more details!

Listing Number: NSW09876

Broker: Sudip Dhakal
Phone: 
+61 421 460 335
Email:  sudip.dhakal@linkbusiness.com.au

Want to know more? Complete an online confidentiality agreement to visit this business and enquire now at: https://linkbusiness.com.au/businesses-for-sale/ca/NSW09876

THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND INQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.

Keywords: Food, Chinese, Asian, Authentic

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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.

Listing: #NSW09876
Profit*: Refer to broker
Sales Revenue: Refer to broker
Sydney Region, Northern Suburbs - Sydney
Food/Hospitality, Restaurant
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.

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