Restaurant And Café Business For Sale In Newtown Reduced Price

Newtown, New South Wales 2042

SOLD

Key Features

AI generated. Contact seller to confirm.

High-traffic location on King Street
Serves Asian cuisine, adaptable to other styles
245 square meters with 85 seats
Fully equipped commercial kitchen
Recently renovated modern fitout
Liquor license included

Turnover: Not disclosed
Net Profit: Not disclosed
Rent/Lease: $4500 per week, Lease in place
Stock Value: Included
Established: Not disclosed

Business Details

Business Category Restaurant

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