Price
$150,000
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Bay of Plenty Region, Mount Maunganui
Category
Food/Hospitality, Cafe Restaurant
Listing #
18831
Steady profitable restaurant with short hours in Mount Maunganui, you couldn’t ask for more! Owners do not work the evenings, unless covering annual leave, and there are great systems in place.
Currently one owner works approx. 15 to 20 hours per week, doing preparation through the day at her own leisure, and the business is showing a net surplus of $120,000 (2014 financial statements).
The business is north facing so catches the morning sun, so a converse to daytime trade would be a no brainer. Landlord will extend the lease to 2023 and currently paying approx. $36,000 PA plus outgoings.
It’s time for new energy and the existing owner wants someone else to enjoy this great business too.
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.
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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.
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