Price
$299,000 + Stock
Profit *
$130,000
Sales Revenue
$1,100,000
Location
Auckland Region, Auckland Surrounds
Category
Food/Hospitality, Restaurant
Listing #
EL04385
Why pay up front when you can pay out of cash flow?!
Fantastic opportunity for an experienced hospitality FOH person or Chef to take over this spectacular eatery in a wealthy, trendy and busy part of Auckland AND with fantastic financial assistance from the owner!
The owner of this business is also the Landlord! They are a hospo person themselves, so they know how good this place is, and they also know what sort of person they need at the helm. Too many other projects means that they are willing to hand this one over to the right person.
This place has exposed brick walls, minimalist lighting, and lush hanging plants and it oozes warmth and charm. It’s a super-inviting place that is open for breakfasts, lunches, and tapas in the evening.
Sales dropped a little at the beginning of this year (like most hospitality businesses) but are back to a healthy $21,000 a week and the rent sits nicely under 10% of sales. You will also get a new and strong lease for added security! A working owner should earn around $130,000 per year and there is certainly scope to build this as you control costs better and boost those sales still further.
The fit-out of this place is superb and was designed by multi-award-winning hospitality venue designers.
BUSINESS HIGHLIGHTS
“LEASE TO BUY”
The owner is generously offering the right buyer the option to pay a reasonable deposit (under $100K) and then pay $1,000 per week from your cash flow until paid off.
Priced at just $299,000 this is an exceptional opportunity to own a thriving all day eatery in one of Auckland's most sought-after neighbourhoods. With the opportunity of a lease-to-buy format, this has to be top of your enquiry list.
Asking $299,000 plus stock
Max Wensauer, 021 256 6269, [email protected]
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.
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.
To find out more, complete an online confidentiality agreement by clicking the button below.
Click the email alerts button to be notified of other businesses that may be of interest to you.
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.
Ready to unlock the true value of your business? Contact a LINK Corporate Broker today to schedule a confidential consultation.
"*" indicates required fields
