Cafe $600k EBITDA! Simply Stunning! Just $1.2m Plus Stock!

Cafe $600k EBITDA! Simply Stunning! Just $1.2m Plus Stock!

Truly an intriguing and exceptionally good offer! Pay just $700k up front. Read on …..

This has to be of the nicest hospitality businesses in the Auckland Region.  The business is fully managed and attracts a very loyal and large following.

Sales are a deeply impressive $49,500 per week and the MANAGED profit is $600,000 per annum! That is a whopping 50% ROI!

Everything about this place screams ‘quality’. There is one little hitch ….. there is an early termination clause in the lease! However – before you panic and stop reading we have a solution!

The likelihood of redevelopment is exceptionally low.  However – it is in the lease.  Even if the clause is triggered the Landlord must give 18 months’ notice. To counter this risk, The Vendor is willing to accept $700,000 (plus stock) on settlement and will LEND the remaining $500,000 to the Purchaser.

Every year that the clause is not triggered, $100k will be payable to the Vendor.

Given that, in ordinary circumstances this business would be listed at over $2m, this is an exceptional offer. Even at $2.4m that still would have represented a 25% ROI!

BUSINESS HIGHLIGHTS

• Sales of $49,500 per week
• Exceptionally low rent
• Highly impressive team of staff
• Owner ongoing consultancy (if needed)
• Beautiful place
• $600,000 managed profit.

You MUST have the ability to transact at the $1.2m mark as the Vendor will seek security over their loan to you.

If I had the money I would take this right now!

Contact me in confidence. This one cannot last very long, surely?!

Price firm at – $1.2m plus stock

Nick Giles, 021 676 832, [email protected]

***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.

#buybusiness #food #hospitality #auckland #cafe

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