Asian Cuisine Restaurant - North Beaches

Business For Sale Avalon Beach, New South Wales 2107

Business Category Cafe and Coffee Shop Other Retail Restaurant

$148,000 + SAV


Asian Cuisine Restaurant - North Beaches

General Information

This popular Chinese restaurant is a long-standing locals & celebrity favourite. Restaurant serving delicious Chinese cuisine including Dim-sum, Noodles, stir frys, Fried rice, soup, Seafood specials and hot and cold drinks. - 90 seats inside - Liquor License until 10:30 p.m. - Home delivery through Own Website and app. - 80% of customers dine in.

No competition for Asian food in this area - Huge potential - do more advertising and promotion - extend opening hours . - Would suit Chinese, Japanese and Korean cuisines.

Good size restaurant - No competition - free parking outside. Full Commercial Kitchen ; Full Liquor License + Juice Bar ; 3 wok stove + 4 Burner + 1 Deepfry + 2 Freezer + Ice Maker + Dishwasher

This business has an area of 200 sq.mts. Free parking spaces available;

The Restaurant located in Sydney Northern Beaches area , Situated on busy main road. In proximity to high net worth suburbs as well as more family-oriented suburbs.

Trading Hours
7 days - Sunday -Thusday 5 p.m. - 9:30 p.m. Fri & Sat 5p.m. - 10:30p.m.

Current lease expires Oct. 2021 with 5 Yrs Option - 4 months bond - 4% rent increases per year.

3 Full-times + 2 Casuals

Reason for Sale

$13,000 pw
$1,853 pw
$6,187 pw
Net Profit
$4,213 pw

This well managed Chinese Cuisine Restaurant has Good public review online, high profit with reasonable selling price. Suitable for family business or could change to any other type of cuisine.
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LF Investment Partners Admin
  • LF Investment Partners Admin

Bsale ID: 532790

LF Investment Partners
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