Price dropped to $88,000 for quick sale

Prime Chinese Restaurant in Newcastle, NSW - A Perfect Match for 188a Regional Investors, Now on Sale!

Overview:
Welcome to our vibrant and popular Chinese restaurant nestled in the heart of the thriving food street in Newcastle, NSW. Perfectly located amidst the hustle and bustle, this restaurant also features a warm and welcoming interior, making it ideal for patrons to enjoy an exquisite dining experience. The restaurant's decor, characterized by rich cultural elements, creates an atmosphere of authenticity. Renowned for its array of delectable offerings and excellent service, this restaurant has secured a loyal customer base and consistently receives high acclaim. It serves as an ideal spot for family dinners, friendly gatherings, or corporate meals.

Key Features:
Prime Location: The restaurant is strategically situated in the center of Newcastle's famous food street. Surrounded by trendy cafes, eateries, and boutique retail stores, it enjoys high foot traffic, offering significant exposure for your business.

Exquisite Menu: The owner has crafted a menu that specializes in dumplings and various types of noodles. Modified to cater to local taste buds, these dishes have greatly satisfied a multitude of patrons.

Outstanding Reputation: The restaurant has successfully built a loyal customer base over its operation period. With stellar ratings on Google (4.1), Facebook (4.0), and Uber Eats (4.7), it's also been honored as one of the top ten restaurants locally.

Stable Income and Profit: The restaurant operates daily from 11:00 AM to 9:15 PM, ensuring consistent sales figures. The new owner can expect to start making profits immediately, with no need for additional investment.

Easy Transition: The restaurant is fully equipped, allowing for immediate operation without any significant changes. The new owner can seamlessly take over, and the seller will retain all staff and provide relevant after-sales training to ensure smooth operation post-sale.

Operating Hours:
7 day's operation from 11:00 AM to 9:15 PM.

Lease term:
New Lease term available; Fix 4% rent increase; 3 Months BOND.

Employees:
4 Full-times + 2 Casual

Reason for Sale:
The current owner is returning to their home country.

Financials:
Sales revenue - Approx. $16,000 /week
Rent - $1,323+GST /week
Outgoing - $463+GST/week

Asking price: $158,000


Sale Price Includes all equipment, inventory, and social media accounts

Interested parties are encouraged to contact us for more information. Please note, this is a confidential sale, and we respectfully request that you refrain from directly approaching the restaurant. Thank you for your understanding.


IMPORTANT: The agency does not verify the accuracy of the information. Buyers are responsible for conducting their own due-diligence. We may call or contact/WhatsApp you if you inquire about the business. Interested buyers may be requested to register and complete a Non-Disclosure Agreement. All images are for illustration purposes only and may NOT reflect the business in any way.