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: The business currently serves Asian cuisine; however, it is possible to modify the space to accommodate other culinary styles.
- Size & Seating : 245 sqm, with 60 indoor seats and 25 outdoor seats (85 total).
- Rent: $4500 per week plus GST.
- Operating Hours : 11 am-10 pm, with 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 : Current lease expire Feb 2030, with five plus five year renewal option and CPI-based rent increases.
- Liquor License : Includes a liquor license, Separate Bar
This is an excellent opportunity to take over a well-positioned restaurant with strong potential for growth in a prime Sydney location
Listing ID: SBB1017
Broker: Sudip Dhakal
Phone: +61 421 460 335
Email: sudip@smartbusinessbroker.com.au
To find out more, press the “Enquire Now” button to complete an online confidentiality agreement.
Note that some details of the business for sale are confidential and disclosure is subject to completing a Confidentiality Agreement and the discretion of the broker.
Stock photo images may be used to represent the business on an unidentified basis. Purchasers are required to make their own enquiries in order to verify the information provided.
Ref: SBB1017
