Listing Number: 26971-87165
Featuring a menu of savoury and signature Asian Cuisine in a contemporary and trendy setting, it is one of the most exciting new Sydney restaurants around.
Key Features and inclusions:
- Listed on the Australian Good Food & Travel Guide
- Established brand image, delivering enormous value to the new owner.
- At the cost of over $1.2M, the award-winning design restaurant had its fitout undertaken only 2 years ago.
- 500sqm with 330 seating capacity, providing private dining options, booth, and banquet seating for functions and corporate dinning.
- A modern bar area, offering an extensive drinks list of local and international beers, wines and cocktails.
- A Large commercial kitchen with spacious preparation area, 1 walk in cool room, 1 walk in freezer, and storage areas.
- The restaurant achieved up to $100k+ p.w in sales in the first year.
- Average COGs below 30%.
- 10 full time and 5 part time staff, with total wages around $10,000 p.w.
- Touchscreen based Wireless Ordering System.
- 8 years lease remaining (3 years + 5 years option)
- Tenant friendly landlord.
- Located in the biggest shopping centre in southwest Sydney which is home to a lot of great retailers and global brands including David Jones, Big W, Target, JB Hi Fi, Woolworth, Coles, Aldi, Harris Scarfe, H&M, Mimco, Event Cinemas with Gold Class, etc.
- Population boom in this region.
- Ample free parking within the shopping centre.
- Only a few steps away from train and bus station.
- Price: $600,000
- Down Payment: $70,000
- Sellers Discretionary Earnings: $0
- Total Sales: $0
- Location: Withheld, New South Wales
- Inventory: $0
- FF&E: $0
- Employees: 0
- Reason for Selling: Owner's Personal Family Reason