Priced To Sell - Modern Asian Restaurant/ Takeaway - Previous Turnover $16,800 p/ week - Penrith Location

Business Overview

Located in the heart of Penrith commercial and entertainment precinct. This Vietnamese restaurant is newly open. There is huge potential in promoting more dine experience with liquor licence available on premises (STCA)

DINE IN 24%
TAKEAWAY 35%
DELIVERY 8%
UBEREATS 33%

The fit out cost $500k to build, 8 years lease remaining, low rent, great location previously turning over 16k per week. Suitable for a Chef or manager looking to start their own Asian restaurant or an existing Asian restaurant looking to expand.


Premises
190m 2 with dine with 60 seats inside and 20 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

4 x full timers and 2 casual

Lease

10 years lease from November 2021, 8 year remaining, 3% increase per year, 3 months bond


Financials Summary – Based on last 12 months Sales
Weekly Takings $16,789
Cost of Goods $5036
Gross Profit $11,753
Rent $1935 (Ex GST, includes outgoings)
Wages $3330 (excludes the owners wages)
Telephone $20
Water $40
Insurance $157
Electricity $418
Misc 1 $2836 (GST, bank fees, uber eats fees)
Total Expense $9,236
Net profit. $3017 (profit for 1 working owner 40 hours p/w)
Estimated Stock Value $1,000
Estimated Equipment Value $250,000
Asking Price: $149,000 + Stock

Reason for sale
The owner has other business interest

Building: 190 square Meter

Location:

Price: $149,000 + Stock PENRITH NSW