Chinese Restaurant Business With Solid Customer Base

Description

Established Cantonese RestaurantFor 20 years, this established restaurant has been serving authentic Cantonese comfort food, building a loyal local following through traditional recipes, generous flavours and consistent quality. Popular dishes include crispy honey chicken and zesty lemon fish, with the venue catering to both family dining and casual individual meals.Why locals keep returning:* Authentic recipes refined over two decades* Affordable and accessible pricing* Highly rated on Uber Eats for dependable quality and flavour* Strong customer loyalty built through 20 years of consistent service and food qualityOpening Hours6 days/weekTuesday - Sunday: 5 pm - 8:30 pmMonday: ClosedKey Points:* Size of premises: 270 m2* Lease: Current to October 2030* Current monthly payment to landlord: $8,954.77 including GST and outgoings* Annual rent increase: CPI applies* Staffing: Owner-operated with the owner working as head chef, supported by 8 casual staff working on shifts* Total sales for financial year 2024: $691,449* Net profit before income tax for financial year 2024: $151,491Asking Price: $88,000 negotiable + SAV, estimated at $4,000