About this Business for sale in North Shore City

NORTH SHORE. A well-set up fully licensed bar and restaurant with great potential for a buyer who is willing to invest. The current owner operates only 6 days a week and just 40 hours a week. Huge potential to increase trading hours for lunch and even for breakfast.

The business is set up with an authentic European menu, burgers and pizza, quality chattels, exquisite decor, and design concepts, ready for marketing. The restaurant holds approximately 58 seats inside and 24 seats outdoors in a sheltered area. Situated in a busy central area that is exposed to residential apartments, offices, ongoing foot traffic, and just walking distance to the beach.

There are a few good things about this business:

  • Strong Location, close to the beach (North Shore)
  • Currently fully managed
  • Strong lease in place
  • Rent just under $41k p.a. plus GST
  • Comes with 3 parking
  • 58 seatings inside and 24 outside
  • Currently doing $7,000 to $8,000 per week for just 40 hours a week of trading
  • The chef and part-time staff will stay with the business
  • Current owners have a few restaurants and cannot provide sufficient time for this business

 

Asking for $90,000 plus stock

To find out more, go to http://linkbusiness.co.nz/EL03418 and press the “Enquire Now” button to complete an online confidentiality agreement.

Rafiq Bhamani, 021 129 1916, rafiq.bhamani@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.

 

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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: #EL03418
Profit*: $70,000
Sales Revenue: $350,000
Auckland Region, North Shore City
Food/Hospitality, Bars/Nightclubs
*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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