Price
$275,000 + Stock
Profit *
$197,622
Sales Revenue
$974,952
Location
Taranaki Region, New Plymouth
Category
Food/Hospitality, Restaurant
Listing #
EL04077
Business Broker
Auckland - Ellerslie
Popular Thai Restaurant, New Plymouth | Averaging 200k in Managed Profits
Serving traditional Thai Cuisine in the heart of this prosperous provincial town since 2011, the restaurant is a local favourite. There is a private function area with seating for up to 40 and the main dining room seats up to 100 people (Total 140 capacity). Food is prepared fresh from quality ingredients and presented with sophisticated elegance in a stunning dining setting. There is a strong focus on family dining and the business trades exceptionally well, year-round.
The beauty of this business is that it's success is not limited by its ethnicity!
The business is a very strong financial performer. A working owner can expect to make profits over $200k per annum with excellent financial accounts available. There is a great lease in place and rental is just 6.5% of turnover – amazing!
ASKING PRICE: $275,000 (Priced to Sell!)
Serving traditional Thai Cuisine in the heart of this prosperous provincial town since 2011, the restaurant is a local favourite.
An ideal investment for a group or an individual, this well-established restaurant is turn-key and ready for a new owner to reap the rewards. This is a star of this small and tightly held franchise group. Either choose to continue with franchise arrangement or operate independently.
Get in touch with the brokers:
Ron Vazirani, 021 294 2978, [email protected]
Anil Vazirani, 021 0277 8149, [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.
Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.
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Business Broker
Auckland - Ellerslie
For reasons of confidentiality a stock photo image may be used to represent the business for sale.
*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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