High income and profitable take-away opportunity in one of the busiest shopping centres in Newcastle.
Description
List Price
$350,000 + SAV
About the Business
This takeaway business situated in high exposure and high foot-traffic of the Shopping Centre with direct access to car park This is a profitable business and high income generated Chinese takeaway business and has the potential to grow a lot more in coming years based on the high demand for takeaways and deliveries market.
Trading Hours
7 Days: 10:30 AM – 8:45 PM
Employee
4 x Fulltime
Lease
Lease commenced September 2021 and expires in September 2024 however Owner will help seek a new lease from shopping centre.
Current monthly rent: $10,087.37+GST, marketing levy: $403.49+GST & outgoings: $1,048.55+GST with fixed 3.5% annual rent review.
Bank Guarantee of 3 months rent, lessee’s contribution & marketing levy + GST.
Income
Recent BAS Sales; Sept ’22: $264,069. Dec ‘22: $273,292. March ‘23: $277,172. June ‘23: $311,326.
FY2023 Gross Profit: $638,074.03.
Strengths & Potentials
✓ Situated in high exposure and high foot-traffic of the Shopping Centre with direct access to car park.
✓ Last 4 BAS registered in excess of $1,125,859.00 sales and continue to grow more for take-aways market.
✓ Average weekly taking easily over $20,000 per week with strong and consistent sales throughout the year.
✓ Potential for growth and expansion, including the option to add delivery and catering services.
✓ Newly established with brand new kitchen and fitout there nothing to spend.
✓ Would suit an owner operator looking for a profitable business to step into and starting earning.
Contact us today to seize this exceptional business opportunity before it’s gone!
Overview
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ID 87
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Type Café/restaurant
Address
Open on Google Maps-
Address Newcastle
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Country Australia
Details
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Property ID 87
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Price $350,000
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Property Type Café/restaurant
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Property Status Sold