Price
$390,000
Profit *
$271,000
Sales Revenue
$1,840,000
Location
Auckland Region, Auckland Surrounds
Category
Food/Hospitality
Listing #
EL04086
What a spectacular price! The owner has a very real reason to sell .. hence the crazy price!
This is a great neighborhood cafe. It’s been around for years and is has a super staunch customer base. It is NOT about the owner. The business is almost entirely run under management.
Sales average $34k a week through the year. This is a licensed cafe that has a ‘crowd pleaser’ menu and it’s a hit with families.
There is an absolute HEAP more profit here for a new owner. The current owner has been largely absent over the last 18 months or so and, whilst sales are strong and food costs are well controlled, he has (purposefully) allowed wage costs to escalate. Put it this way, if wages were controlled to industry ‘standard’ for this type of business… the profit would be well north of $350,000 per annum! As it is, the business is running at around $270k surplus.
BUSINESS HIGHLIGHTS
Here is the REAL reason you will buy this …….. the price!!!!
This is SMART buying! If you are looking for a relaxed cafe with great potential to earn some serious money – this one deserves your attention.
Asking just $390,000 plus stock
***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.
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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For reasons of confidentiality a stock photo image may be used to represent the business for sale.
*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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