803. Long History Good Profit Busy Chinese Restaurant on the Gold Coast $350,000 + Stock

Chinese food-Total History of the business is 20 years

-Located in a busy location on the Gold Coast.

-Trading hours: Monday to Sunday 11am to 10pm.

-Yearly turn over: around $1.35 Million

-School holiday and public holiday is very busy. Sales on the week of the Chinese National Day is around$28,000; Christmas Day sales is above $10,000; Chinese New Year weekly sales is above $40,000; the week of Easter Day is around $35,000.

-Food Costs: around 30%

-Staff: 7 waitresses, 3 chefs, 2 dish washers, 2 owners.

-Total size :around 280 square meters. Two shops integrated into one shop.

-Yearly rent: $204175.08 inclusive GST.

-One shop lease ends in 2022. Another shop lease ends in 2019. Landlord will extend lease.

-Yearly net profit is $250,000 plus

-Listing price: $350,000 plus stock

Please call Joe on 0435 860 911 to arrange an inspection.