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Locals Go-to Chinese Restaurant

Location:Queensland

Category:Restaurant, Takeaway Food, Hospitality and Tourism

Asking Price:$150,000 + SAV

150000

  • Sales revenue : $563,000
  • Net profit : $125,000
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Locals Go-to Chinese Restaurant
  • Locals Go-to Chinese Restaurant

Business description

This Chinese Restaurant is a reputable dine in or takeaway restaurant with a proven track record of great customer service and quality food. This is proudly stated by customers across social media platforms & review sites including numerous celebrities calling the current owners’ friends.

The restaurant is well run by a husband & wife team with part time/ casual employees in place. A new owner can be adopted by the current loyal customers and become known in their own right amongst the celebrities choosing to dine here.

The restaurant is located in a prime location allowing customer easy access to parking and great street exposure to passing traffic.

The owners have built a very good reputation in the local market with very high ratings on Facebook, Google and trip advisor searches. Service and quality of food is superb.

It's a fantastic opportunity for a family business. Great turnover for a small footprint keeping rent low and no restriction for operation.

The restaurant’s kitchen is fully equipped with 2 cold rooms, 4 wok burners and 4 gas hotplates. All kitchen utensils are included in the sale of the business.

A liquor licence can be applied as well to increase profit.

Key Points

  • Long-running established Chinese restaurant
  • Great online reviews & overall reputation
  • Seats up to 40 customers
  • Locals go-to Chinese Restaurant
  • Lease secured until April 2020 with further options available
  • Versatile fit-out with all equipment owned and included.
  • Trading 7 days a week
  • Regular and loyal customer base

This restaurant presents a unique opportunity for a restaurant operator to take over this fantastic location, with everything you need to run a successful restaurant with no more spending required.

Other Information

  • Expansion: This restaurant could make several adjustments to further the success of the business- • Offer delivery service to surrounding neighbourhoods • Partner with uber eats/ Deliveroo and service a larger delivery area. • Extend trading hours and offer longer lunch & dinner sittings. • Update menu to include seasonal menu offerings.
  • Employees: Husband and wife (owners) both work in the business with 4 casual employees
  • Trading Hours: Monday – Sunday 12pm – 1.45pm & 5pm-8pm
  • Reason For Selling: Owners wishing to retire
  • Lease Terms: Current lease secured until April 2020 with further options available
Transworld Business Advisors - Gold Coast North
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