MAKE YOUR MARK - King St Newtown - BUILD YOUR DREAM

Want to create your own cafe restaurant in King Street Newtown - look no further! This has it all and is priced as less than fit-out cost:

Prime position in the golden mile of King Street Newtown nestled in-between Missenden Road and the Five Ways. Very high Foot traffic, vehicular traffic and a destination for locals and visitors. Bus stop and parking right at the front. It has been a restaurant for over 30 years.
Exceptional lease - 3 years left PLUS a further 5 year option; 4% annual increases with the possibility to extend the lease further!
Excellent rent - circa $2,100 plus GST TOTAL occupancy
Comprehensive Fitout - Full commercial kitchen with walk in Coolroom; seats 80 and fully licensed

The current Asian inspired business is turning over $18k per week with only 36 operational hours per week - the ability of the business to perform and the attractiveness of the location is unquestionable. The question is if you would like to continue the current operation or change it to your model and desire - the decision is yours and at the asking price, it is not an issue either way. Make an offer, the Vendor is open!

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! Highly negotiable Vendor!
Staff No
The business is run by the following: 2 x Full Time Chefs 1 x Casual Kitchen Prep/Allrounder 1 x Casual Kitchen Hand 4 x Casual FOH (including owners @ 31 hours/week total)

Lease Info
The 5 x 5 year lease commenced September 22, 2023 With the Option, the lease expires on September 21, 2033

Trading Times
6 days, Tue - Sun 5:00 pm - 10:00 pm, Sat - Sun 12:00 noon- 3:00 pm

Size of Premises
Approximately 129m2 of internal area - including the upstairs dining and storage area and balcony. It has no outdoor footpath dining area. The business has an approximate 4.2m frontage onto King Street. Visibility and foot traffic for King Street is high. Fully licensed. Indoor caters for approximately 80 seats, with approximately 36 downstairs with an additional 44 upstairs in the themed dining room. There is a dry storage area and an outdoor (undercover) balcony area that is used for staff that is located upstairs. There is a full and well-equipped commercial kitchen suitable for an Asian restaurant with an impressive Wok cooking station as well as an imported duck roasting oven. There is a walk-in coolroom, walk-in freezer, exhaust and a grease trap. Rear Lane Access for Loading, Pick-Up & Delivery. Separate male and female toilets are also included. The condition of the business is excellent as a major refurbishment was completed in December 2023.

Opportunity
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! Highly negotiable Vendor!

Turnover (inc GST) $18,939
Rent $1,951
Net Profit​ $2,100

For more details, please email broker or call agents.