Auckland Region
$250,000 +Stock
Food/Hospitality
Menu
Located in the CBD, this cafe is surrounded by large retail outlets and is close to the cinema and Polytech. Currently trading 5 days per week, there is an opportunity to open on weekends. The large well-equipped kitchen lends itself to outcatering, while the cafe itself is attractively decorated and welcoming, with seating for around 35-40. The cafe is open from 7am to 3 pm Monday to Friday. There is one working owner and one staff member, while the weekly turnover averages $3795 (ex GST). The lease is $30,800 per annum, with the current term expiring on 30th September 2013. There are two further 2 year rights of renewal, with expiry being 30th September 2017. The current owner has negotiated a 15% discount on the lease until 30th September 2012.
*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.
*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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