King St Newtown Asian Restaurant – $20k, 6 days, prime high traffic location

Description

This well-known and highly rated licensed King Street – Newtown restaurant is now for sale!
The hard work of establishing the Asian cuisine in this Inner West gem has been done. This is a well-positioned business with no competition and has prime street frontage in a prime ‘eat street’ precinct with parking at the doorstep. Fully licensed. 80 seats. Not many opportunities like these come to market regularly in the tightly held golden stretch of King Street. Recent refurbishment in 2024.

Offering unique and quality Asian food, the many 5-star google ratings are a testament to that. It has an impressive turnover of $20k per week. Open 6 nights a week for dinner with lunch on the weekends.

The lease has 3 years remaining, with a further 5 year option. Possibility to extend the lease upon application.

Perfect for an experienced operator in Asian cuisine.

The opportunity here is to capitalise on the location, its history and the existing customer base. Extend the trading hours and introduce further product offerings. Utilise all delivery apps. Training is available! Alternatively, grab the prime position and great lease and create your own offering!

Loading

Members only

Staff No

Lease Info

Trading Times

Size of Premises

Opportunity

Weekly Sales & Turnover

Members only

Cost of Goods​

Wages

Other​

Net Profit​

Turnover (inc GST)

Gross Profit​

Rent

Registered Buyers Only

To view more information
about this business.

Reference No:

Request more information and complete the GSE Confidentiality Agreement Here.

  • This field is hidden when viewing the form
  • This field is hidden when viewing the form

/buyer-registration/?refnum=TDDI0642 &eml=t.dasios@gsebrokers.com.au