The restaurant is situated along a main street in Southern Gold Coast near a beach with ample free parking.
The owner spent $350,000 to build this outstanding elegant romantic well-known Chinese high-class restaurant in 2023, where the customers are all locals.
The kitchen is managed by a professional and stable team of chefs
Currently, the average weekly turnover is about $20,000 with wine spirit sales of 30% of the total sales. Weekly sales are between $30,000 -$35,000 during peak seasons such as Christmas, Easter, school holidays, public holidays, Cooly Rocks etc. The peak season accounts for at least one-third of the year.
There is still plenty of room to develop.
Food costs is 25% – 30%
Trading hours: Monday to Sunday 9am to 3pm;5pmto 9pm, busy time is 5:30pm to 8pm; the busiest day is Friday and Saturday
The restaurant offers fresh and authentic Chinese Flavors, coupled with efficient and friendly service, making it a favourite among locals.
Staff: One main chef, one second chef, one fryer, two kitchen hand, one or two waitress outside or three to four waitresses during busy time
Total weekly wages are around $8,000per week
Shop size:276square meters
Under management
Average weekly net profit is around $4,000.00 the business asking for $400,000.00 + stock
The owner of the store also owns the freehold.
Lot 13 quarterly body corporate $3,430.00
Lot 12 quarterly boy corporate $3,521.00
Council Rates Lot 12 half year $3,344.00
Council Rates Lot 12 half year $3,428.00
One time buying out is better than worrying about rent increase. Marketing rental is around $150,000 – $160,000 a year, investment return is 6%, do not miss out this fantastic investment opportunity.
Freehold with business asking for $2,000,000.00