Prestigious Chinese Restaurant Sydney, North Shore | ID: 789
SOLD
Crows Nest NSW 2065
Food/Hospitality
BUSINESS FOR SALE
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.
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