Well-Known Chinese Restaurant for Sale
Description
on Newcastle’s Most Popular Foodie Strip｜Asking Price $120,000 + Stock
Located in the heart of Newcastle’s most sought-after and Instagram-famous dining precinct, this restaurant sits among popular cafés and eateries and is just a short walk from the coastal boardwalk. The area enjoys a constant flow of both locals and tourists — guaranteeing steady foot traffic all year round.
The restaurant features modern décor, an outdoor terrace seating area and two levels of indoor dining, offering approximately 50 seats in total. Currently specialising in casual Chinese meals and takeaway, the operation is simple and easy to run.
The business has been successfully operating for many years with consistently growing revenue. It enjoys an excellent reputation with outstanding customer reviews, holding a 4.4 star rating on Google. It also has a loyal customer base and a solid following on social media platforms such as Facebook and Instagram, providing great brand exposure and word-of mouth marketing.
Ideal for a couple or first-time hospitality owner.
Business Overview
• Lease: 7+7-year structure with 8 years remaining. No fixed annual rent increases. Rent is significantly below market rate.
• Profitability: Annual revenue has grown by more than 15% each year in recent years. Revenue for the most recent financial year is approximately AUD $500,000.
• Staffing: 1–2 chefs, plus one full-time and one part-time front-of-house staff. The full me position can be taken over by the new owner if desired.
• Reason for Sale: Owner has completed the migration process.
Key Business Advantages
• Prime Location · High-Traffic Iconic Foodie Strip
Situated on the busiest main dining street in Newcastle, the business benefits from constant foot traffic throughout the day. The area is well-established, vibrant and naturally atracts customers without reliance on heavy marketing.
• Well-Established Operation · Expanding Across Multiple Sales Channels Successfully operating for many years with both dine-in and delivery sales growing across online platforms. Sales figures have shown continuous growth. Approximately 90% of customers are local regulars, and the business has built a solid following on social media, providing strong foundations for future brand promotion.
• Unique Vegetarian/Vegan Offering · Clear Competitive Edge
In addition to classic Chinese casual meals, the store offers a range of vegetarian and vegan-friendly dishes, drawing in a loyal and growing plant-based customer base — a rare positioning among typical Chinese restaurants, giving it strong market differentiation.
• Low Rent · Outdoor Dining Area at No Extra Cost
Rent is highly competitive compared to similar locations. The outdoor terrace seating area incurs no additional rental fees, allowing for higher profit margins during peak seasons.
• Low Staffing Requirement · Ideal for Couple Operators or Light Management
Daily operations can be managed with just 1–2 chefs, while the owner can oversee front-of-house and administration. Perfect for first-time buyers or investors seeking a low-maintenance business model.
• Stylish Two-Level Setup · Flexible for Multiple Concepts
Featuring a cosy, modern interior across two levels and holding a liquor license, the venue is suitable for a variety of formats — such as café, brunch bar, dessert shop or wine bar — and can also be used for small private functions or events.
Overview
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ID 205
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Type Café/restaurant
Address
Open on Google Maps-
Address Cooks Hill
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Country Australia
Details
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Property ID 205
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Price $120,000
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Property Type Café/restaurant
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Property Status For Sale
