What a fabulous lifestyle awaits you by the beach!
You’ve worked incredibly hard for your money. Now let your money work incredibly hard for you!
I’m pretty fortunate in my role as I get to represent some fabulous hospitality businesses. This is a superbly good all-day eatery located in a perfect upper North Shore location and right by the beach, too! This is a well-established cafe restaurant with a very strong following. The location means that it picks up plenty of non-local business.
LIFESTYLE PLUS
This is a fully managed business and, so, the lifestyle this one can afford you is enviable. It also happens to be located in paradise! The owners do not work here. They don’t even live anywhere near!
At full price you will achieve a superb 37% Return on Investment. Show me another investment vehicle that can achieve that!
OPPORTUNITY PLUS
The figures are stellar with sales of over $45k per week on average and still there is growth possible. There are hours that this business should be open, but the owner has other interests and hasn’t ‘got to it’ yet! It’s closed on a Monday, for example and misses out on some lucrative early breakfast business.
This is a business in growth mode and the area just continues to grow with new residents moving here constantly.
SUPERBLY CONTROLLED COSTS
The lease is phenomenal – it runs to 2048, and the rent is UNDER 5% of sales!!
Food costs are incredibly well controlled, and fully managed wages are around 33% of sales!
BUSINESS HIGHLIGHTS
- Strong sales at over $2.3m per annum
- Surplus to working owner of $728,000 or fully managed profit of $655,000
- Ridiculously strong lease to 2048 and LOW rent
- Great team of staff
- Very well established
- Very genuine growth opportunities
This really is a business that you should be looking at. It is exceptionally well-priced for over $655k EBITDA. There is a full management team in place and the owners are even willing to give some extended help if necessary.
If you are after an investment business in the hospitality sector with huge cash flow, it will be hard to beat this one.
Lifestyle plus at $1.75m plus stock
Nick Giles, 021 676 832, nick.giles@linkbusiness.co.nz
***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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