Located in the heart of the inner west of sydney. One of the first stores to open in 1997 (26 years ago). This modern Asian Kitchen serves 8 types of Asian cuisines. Modern and traditional including Chinese. Thai, Malaysian, Singaporean. There is huge potential in promoting more dine experience with liquor licence available on premises.
DINE IN 15% TAKEAWAY 25% DELIVERY. 10% UBEREATS & Door Dash 50%
The name and brand is not for sale as the company owns 10 other stores. 7 years lease remaining, low rent, great location currently turning over 15,800 per week. Suitable for a Chef or manager looking to start their own Asian restaurant or an existing Asian restaurant looking to expand.
Premises 100m2 with dine with 12 seats inside and 8 seats outside
Hours of Operation Monday to Sunday 11.00am to 9.00pm
Potential
* More promotions on Facebook and social media * Potential for more in house dining to increase the average sale and maximise the liquor licence Employees
1 x full timers and 6 casual
Lease
10 years lease from December 2020, 7 years remaining, CPI increase per year, 3 months bond
Financials Summary Based on last 12 months Sales Weekly Takings $15,833 Cost of Goods $4733 Gross Profit $11,100 Rent $672 (Ex GST, includes outgoings) Wages $3689 (excludes the owners wages) Telephone $20
Insurance $127 Electricity $168 Misc 1 $3387 (GST, bank fees, uber eats fees) Total Expense $8063 Net profit. $3037 (profit for 1 working owner 40 hours p/w) Estimated Stock Value $5,000 Estimated Equipment Value $100,000 Asking Price: $149,000 + Stock
Reason for sale The owner looking to retire
The Opportunity Full commercial kitchen with quality European appliances. Established since 1997 with no competition in the area. Net profit of $3000 for an owner operator. Suitable for a Chef or a restaurant manager looking to start their own restaurant without all the set up cost. The right operator can increase sales to $20,000 per week. All buyers are subject to landlord approval.
Iceland 
