
The same owner has been operating this business since 2011.
Customers are overwhelmed with grand décor as well as magnificent Cantonese style cuisine.
This is one of the largest Yum Chan restaurants in Brisbane with seating of 200 over 2 levels.
Total space – 570 m2
Upstairs is allocated for a private function.
Menu is constantly updated to satisfy new and repeat customers.
It opens 7 days pe week by operating till midnight.
Renovation of the restaurant in 2019 cost the business owner almost $200,000.
The new owner has to lease premises from the current business owner.
Under management.
Key points:
- Weekly wage: around $15,000
- Lease: new owner has to lease the premises for the rent of $350,000/year + GST which includes outgoings. Annual increase to be 3%.
- Sales during COVID 19: April to June – $301,000, July to September – $692,000
Asking price: $800,000 + SAV ($25,000 – estimate)
For further information about this business, please complete Purchaser Registration and Confidentiality Agreement by clicking Forms/Business on www.forceonerealty.com: or
Please call Jennifer on 0401 847 616 or Sunny on 0433 690 326