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prestigious chinese restaurant sydney north shore

Prestigious Chinese Restaurant Sydney, North Shore (Ref No:66048)

Prestigious Chinese Restaurant Sydney, North Shore

Business Headline : Prestigious Chinese Restaurant Sydney, North Shore


Price : $599,000


Category : Food/Hospitality, Restaurant, Alcohol/Liquor, Cafe/Coffee Shop


A rare opportunity to acquire a highly esteemed and profitable restaurant located in a very popular suburb within 5km of Sydney’s CBD.


An excellent business is on offer, priced to sell and will not last long.


Key Features:



  • Venue has vast seating capacity for 200 including 120 downstairs at street level dining and 80 seats upstairs across 3 function rooms. Total 500sqm.

  • Highly desirable, established retail operation plus function venue site. Popular for large private celebrations such as weddings/engagements, premium corporate functions and other tailored events.

  • On Premises liquor licence.

  • Easy access with street car parking and nearby council / shopping centre car parks.

  • Beautifully appointed, modern fit-out with extensive unencumbered equipment list. 

  • Fit-out designed by an food & beverage industry expert, featuring fully equipped modern kitchen, walk in cool and freezer rooms, laundry, office, cash room. Upstairs bar and service kitchen with automated lift / dumb waiter dual delivery / access points at rear to ensure product supply occurs conveniently at back of the restaurant. 

  • All facilities exist to produce exquisite, modern Chinese or other Asian style cuisine at a large scale e.g. combination steam ovens, fish tanks, multiple burner wok burner station, facility for BBQ duck etc.

  • Generous lease term to 30th April 2026 with supportive landlord.

  • Low rent of $206K ex GST per annum equates to approx. 10% of sales.

  • DA to operate 7 days. Currently operating 6 days lunch 11am-3pm, dinner 5:30pm- 10pm with option to extend. Starts 10:30am on Saturday.

  • Enormous potential for genuine growth and value add opportunities.

  • Business could easily be run under management or owner operated.

  • Genuine reason for sale (owner has multiple other business ventures).

  • Strong social media base and outstanding feedback from online review platforms. 

  • Full financials are available. Contact broker.


Potential



  • Increase daily trading, capturing 7 days thus materially increasing sales.

  • The very large kitchen could easily support a variation in the current menu based on owner’s creative ambitions.

  • Opportunity for savvy marketer to ramp up the promotions and social media platforms to increase venue profile.

  • Venue could easily be reconfigured and rebranded according to the new owner’s focus.

  • Potential to build on function revenue using brand’s existing reputation and the current strong client base. 


 


To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4987142#enquire-now

Category: Restaurant

Price: $599000

State : New South Wales

City : Crows Nest


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