About this Business for sale in Auckland Surrounds

Lone Star is one of the country’s best-loved Franchise restaurant brands. Established in 1988, the brand’s guiding phrase of “Love, Care and Generosity“ is the heartbeat of their business. This is a brand that continues to have a wide appeal and, come rain or shine, these businesses do well!

LONE STAR ALBANY

Lone Star Albany is a great store!  It’s a super solid business and that has been firmly established for 6 years now. There is a huge catchment area and the business is superbly located in a major shopping, working and residential area. There is a huge amount of parking right on your doorstep!

The business is semi-managed at the moment with the owner working around 20 hours per week. There is a VERY impressive fit out and the store looks fantastic! There is a very strong lease in place

EXPERIENCE NOT NECESSARY

If you happen to have some hospitality experience, then that would be of benefit, of course!  However, it is your drive, ‘can-do’ approach and managerial experience that will mean success for you. These are attributes that the Franchisor looks for. Full training is given and strong support.  The current store owner is also willing to give good support to ensure a smooth transition.   

You may be someone from the hospitality industry but you are more likely to be someone bored with your corporate life and looking for something fun to give you that all important work-life balance.

There is a cash surplus of over $300k here for a working owner so that will afford you a pretty decent lifestyle!

BANK FRIENDLY

Banks are tough at the moment! Whilst your own personal circumstances are important, this is a recognised franchise and this is a strong store. The banks will look favourably on this one and I have GREAT contacts to help you with that side of things.

BUSINESS HIGHLIGHTS

  • Weekly sales of over $45,000
  • Nation-wide brand
  • Impressive fit-out
  • Surplus here of circa $300,000 for a working owner
  • Lease is nice and strong to 2031

SUMMARY

This is a nice solid business with an excellent history. If you are new to hospitality, you will be given great training and support.  Even if you are not new this could be a great step up for you.  This is a fun and busy working environment and it’s one to enjoy. We have priced this one superbly and it’s just waiting for it’s new owner so call me today.

Asking Price: $875,000 plus Stock.

 

To find out more, go to linkbusiness.co.nz/EL03286 and press the “Enquire Now” button to complete an online confidentiality agreement.

Nick Giles, 021 696 832,  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.

#wesellbusinesses #Auckland #hospitality #restaurant

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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.

Listing: #EL03286
Profit*: $300,000
Sales Revenue: $2,300,000
Auckland Region, Auckland Surrounds
Food/Hospitality, Restaurant
*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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