$38,000

Illawong, NSW 2234

Food/Hospitality Restaurant

Renowned Hong Kong-Style Seafood Restaurant for Sale in Illawong Village, Sydney South

Renowned Hong Kong-Style Seafood Restaurant for Sale in Illawong Village, Sydney South

Summary:
A fantastic opportunity to acquire a beloved Hong Kong-style seafood restaurant located in Illawong Village, Sydney South. Operating for several years, this restaurant has built a loyal customer base and is a favorite among local retirees. With a total area of 217 square meters, the establishment boasts a spacious kitchen and dining area, providing an inviting atmosphere for patrons.

Key Features:

• Specialized Cuisine: The restaurant specializes in Hong Kong-style seafood, offering a rich and diverse menu that caters to the multicultural population of the area.
• Prime Location: Situated in the only shopping and dining village in Illawong, providing ample free parking for customers.
• Large Customer Base: The restaurant is highly favored by local retirees and has strong local customer loyalty.
• Minimal Competition: The largest and most comprehensive Hong Kong-style Chinese restaurant in the area, with no direct competitors nearby.

Potentials:

• Menu Expansion: Opportunity to expand the menu to include more diverse dishes, attracting a wider range of customers.
• Marketing Opportunities: Increased marketing efforts and promotions could further boost visibility and sales.
• Catering Services: Introducing catering services for local events and functions could provide additional revenue streams.

Operation Hours:

• Operated by the owner and 2-3 employees, with three people working daily.

Lease Details:

• Monthly Rent: $10,200 (including GST and outgoings)
• Lease terms are negotiable.

Key Financials:

• Available upon request.

Reason for Sale:

• Owner looking to retire.

Contact:
For further information or to inspect the business, please email the broker for an NDA form or contact Jeffrey Lei at 0405888800.

Disclaimer:
All information provided is deemed reliable but is not guaranteed and should be independently verified. Potential buyers are encouraged to conduct their due diligence before proceeding with any purchase.