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Listing Id: 33858 Last Refreshed: 07/11/2024 Total Views: 3 Broker Ref: 22183

Reduced Price for Quick Sales Chicken Shop Five Dock Region for sale $99,000

Sydney Region, SydneyCoffee Shops and Cafes
Asking Price: $99,000
Business For Takeover
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Overview

  • Premise Type N/A
  • Premise Size N/A
  • Monthly Rental N/A
  • Rental Desposit N/A
  • Revenue N/A
  • Liability N/A
  • Gross Profit N/A
  • Net Profit N/A
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role N/A
  • Staff N/A
  • Established N/A
  • Source Broker

Reason For Sale

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Description

This chicken shop, situated in a prestigious area of Sydney, offers a lucrative opportunity for potential buyers

Here are the key highlights

* Current weekly profits are approximately $4,250, with annual profits exceeding $260,000 for FY23, weekly sales average $14,000
* The current lease runs until April 2026, with an option to renew for another 3+3 years. The rent is $1,500 per week plus GST, with a 4% annual increase.
* The business has untapped catering potential, generating $22,000 in catering sales for FY24 without any marketing efforts.
* The shop is currently under management, with a systemized staff ensuring smooth operations.
* The shop is on a corner lot with maximum exposure and ample parking availability. It is also strategically located near schools, capturing after-school trade.
* The shop features a full commercial kitchen, two cool rooms, and seating capacity for 24 customers.
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