Ad ID: 60574 Inactive

Chinese Restaurant for Sale Hamilton

Chinese Restaurant, Prime Location with Low Rent

Location:
Asking:
$120,000
$POA

Business for Sale Description

Chinese Restaurant for Sale Hamilton

A unique Chinese style restaurant is on the market for the first time ever. It is located on the very busy street with many offices, shops and retail food businesses nearby. Almost under full management, the owner does not actively manage or work in the restaurant. The new owner does not have to learn or know how to make Chinese  cuisine or drinks; the operation is very simple; however training will be provided.

  • Annual rent approximately $25K plus GST plus outgoings
  • Final expiry date of the lease is until 2026
  • Current owner does not work in the business at all
  • Returning around $45K - $50K on paper for the current owner or $85K - $90K for a full time working owner. 
  • Little competition in Hamilton 
  • Very high gross margins on both food and beverages
  • Other overheads is less than $15K per annum.  

The vendor is moving onto other business sectors and is keen to look into any reasonable offers. Price may be negotiable to genuine and sincere purchasers.

To find out more, go to www.linkbusiness.co.nz/BPW00313
and press the “Enquire Now” button to complete an online confidentiality agreement. 

***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business.


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