$1.2M State Of The Art Fitout - Iconic Fusion Asian Restaurant | Transworld Business Advisors

$1.2M State Of The Art Fitout - Iconic Fusion Asian Restaurant

Listing Number: 26971-87165

Description

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.

Location:

- 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.

Listing Details

  • 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
  • Category: