Price
$1,200,000
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Auckland Region, Auckland City
Category
Food/Hospitality
Listing #
17883
Catalina is a beautiful cafe located in a spectacular location in Hobsonville Point, an area of Auckland with massive development. There is no doubt that this is one of the premier cafes in this part of town.
The spacious cafe is located in one of the original Royal New Zealand Airforce (RNZAF) buildings built in 1938. It was used for avionics repairs and as a signals and communications centre for the RNZAF as part of the Hobsonville airbase.
The current owners set the cafe up from scratch some 4 years ago and have done a remarkable job in building the business to the solid position it enjoys today and all this despite there being very little around it during those 4 years!
Sales over the last 6 months have averaged $33,700 per week and an an owner should make over $350,000 surplus on this basis.
It is an incredibly exciting time to take the reins of this one. 3,000 new houses are in the process of being built right on Catalina’s doorstep along with retirement complexes, schools and other essential infrastructure. 10,000 will live in this new town.
The opportunities to grow this business from its current solid base are extremely exciting!
The cafe boasts a solid 12 year lease, the rent is 7% of sales and all other costs are very well controlled.
It is rare for such an opportunity to be presented to market and I look forward to being part of the transition to Catalina’s new owner. Please contact me in strict confidence for further financial information about this one.
Asking $1.2m plus stock
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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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