About this Business for sale in North Shore City

 

This is an exceptionally well-established cafe / restaurant business that has stood the test of time and anything that’s been thrown at it!

Average sales are around $45k per week, surplus pre COVID was over $630,000 and expected to still be $500k+, and the lease is ridiculously long.  Until 2039 to be exact!

The staff are all nicely trained and bedded in and there are great systems in place. There is seating for approximately 100 (inside and out) and there is a huge amount of storage and office space.

HIGHLIGHTS

  • Well-established with very strong history
  • Around $45k per week on average. (12 weeks from 1st Dec 2021 averaged $50k)
  • Fabulous lease to 2039
  • Very strong profits
  • Good staff contingent

The business has been challenged by Covid (like all businesses), but has bounced back nicely after each lock down. Hopefully, with no more lock downs the business should climb back to those impressive profit figures of 2019 and earlier.

This is a business that also attracts domestic and overseas tourists …. so .. once the borders are reopened just see the growth to even higher levels!

The owner is willing to give good training and support.

This is a major hospitality business and one to be proud to own.  Contact me for a confidential chat and for further information.

Asking $1.695m plus stock

 

To find out more, go to http://linkbusiness.co.nz/EL03399 and press the “Enquire Now” button to complete an online confidentiality agreement.

Nick Giles, 021 676 832,  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 #LINKhospitality #hospitality #food #auckland
 

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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: #EL03399
Price: $1,695,000
Profit*: $500,000
Sales Revenue: $2,250,000
Auckland Region, North Shore City
Food/Hospitality
*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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