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Listing Id: 34056 Last Refreshed: 07/11/2024 Total Views: 9 Broker Ref: 22828

Restaurant and Café Business for Sale in Newtown Reduced Price

Sydney Region, SydneyYogurt Shops
Asking Price: $99,000
Business For Takeover
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Overview

  • Premise Type N/A
  • Premise Size N/A
  • Monthly Rental N/A
  • Rental Desposit N/A
  • Revenue N/A
  • Liability N/A
  • Gross Profit N/A
  • Net Profit N/A
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  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role N/A
  • Staff N/A
  • Established N/A
  • Source Broker

Reason For Sale

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Description

This Asian restaurant, located on King Street, Newtown, Sydney, offers a unique opportunity for entrepreneurs or investors to step into an already established business in one of the city's busiest areas.

Key Features:
* Location : King Street, Newtown, a high-traffic, trendy area of Sydney.
* Cuisine: Currently serves Asian cuisine, but the space can be adapted for other styles.
* Size & Seating: 245 square meters, with a total of 85 seats, including 60 indoor seats and 25 outdoor seats.
* Rental cost: $4500 per week, in addition to GST.
* Operating Hours: 11 a.m.10 pm, with the potential to extend hours to include breakfast service.
* Facilities : Fully equipped commercial kitchen and large storage room
* Fitout: Recently renovated, giving the restaurant a fresh, modern look.
* Lease: The current lease expires Feb 2030, with a five-plus-five-year renewal option and CPI-based rent increases.
* Liquor License : Includes a liquor license, Separate Bar
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