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Listing Id: 34056 Last Refreshed: 06/01/2025 1464 Views Agent Ref: 22828

Restaurant and Café Business for Sale in Newtown Reduced Price

Expired
Asking Price $99,000
This listing has Expired

This listing is no longer active and is not accepting enquiries. The seller may renew it to make it available again.

Overview

Financial Performance

Monthly Figures
Revenue
Not Provided
Gross Profit
Not Provided
Net Profit
Not Provided
Monthly Rentalt
Not Provided

Business Operations & Assets

Owner Role
N/A

Business Details

Reason For Sale

NA

Description

This Asian restaurant, located on King Street, Newtown, Sydney, offers a unique opportunity for entrepreneurs or investors to step into an already established business in one of the city's busiest areas.

Key Features:
* Location : King Street, Newtown, a high-traffic, trendy area of Sydney.
* Cuisine: Currently serves Asian cuisine, but the space can be adapted for other styles.
* Size & Seating: 245 square meters, with a total of 85 seats, including 60 indoor seats and 25 outdoor seats.
* Rental cost: $4500 per week, in addition to GST.
* Operating Hours: 11 a.m.10 pm, with the potential to extend hours to include breakfast service.
* Facilities : Fully equipped commercial kitchen and large storage room
* Fitout: Recently renovated, giving the restaurant a fresh, modern look.
* Lease: The current lease expires Feb 2030, with a five-plus-five-year renewal option and CPI-based rent increases.
* Liquor License : Includes a liquor license, Separate Bar
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