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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.
*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.
Buying a business is an exciting time and will prove to be one the most impactful decisions you will make in your lifetime. We’re here to help you on your journey.
Discover what you can afford, how much your loan repayments may be, and how much you could earn.
Buying a business should be exciting, but it can quickly become stressful if you don’t have experience in accessing business acquisition loans.
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