A well-established Chinese restaurant located in the prime area of Ermington is now available for sale due to the owner’s retirement. This is a fantastic opportunity for anyone looking to take over an operational restaurant with a loyal customer base and fully equipped facilities.
Key Features:
• The shop is situated in a rapidly developing area with approximately 6000 new residential apartments set to be completed across the street in next 5-8 yeas.
This will significantly increase foot traffic, making it a great investment with high future potential.
• The restaurant comes with a large parking lot, ensuring convenience for customers to park while dining, making it a highly attractive location for customers.
Business Overview:
• Shop Size: Approx. 250-260 sqm
• Lease Terms: 2.5 years remaining, with an option to extend for 3 more years
• Operating Hours Lunch 11:00 AM – 2:30 PM
Dinner: 5:00 PM – 9:00 PM (Friday to Sunday until 9:30 PM)
• Staff: 2 full-time chefs + 1 part-time, 2 full-time service staff + 1 part-time
Monthly Operational Costs (Reference):
• Gas Bill: Approx. $1,200
• Electricity Bill: Approx. $1,886.07
• Council Fees: Approx. $40/quarter (Tenant only pays 10%)
Investment Highlights:
1. Large Parking Lot: Plenty of parking spaces for customers, ensuring convenience.
2. Huge Potential: The upcoming 6000 new residential apartments across the street will lead to a substantial increase in foot traffic in the near future.
3. Fully Equipped & Established: The restaurant is well-equipped, with stable staff and fully operational, so you can take over and start working immediately.
4. Stable Business: The restaurant enjoys a steady annual turnover and stable profits.
5. Affordable Rent & Low Operating Costs: The restaurant has a low rent and manageable operating expenses, making it suitable for small-scale entrepreneurs.
6. Broad Market Appeal: Ideal for family-run businesses, couples, self-employed immigrants, or those looking to expand their business.
7. The current owner is retiring and looking for a responsible buyer with experience in the food and beverage industry to take over and continue running this well-loved restaurant, which is highly popular in the local community.
