About this Business for sale in Bay of Plenty

This busy and long established Kebab restaurant is 240 meters squared and located on a Busy Road in Palmerston North . It has been under the same ownership for 8 months but has been operating for over 10 years. The business operates as a traditional Kebab restaurant. It holds traditional events such as belly dancer nights. This is a great opportunity to get into a hospitality business. The current owner is a busy other business commitments, he bought this restaurant to provide job opportunities for his relatives but they no longer need this. 

Asking Price – $325k 

Potential vendor finance with an initial payment of $150k (“subject-to” offers) .

Average Weekly Turn over approx.. $14,000  inc gst

Rent: $2,916 plus GST per month 

Key Features: 

 

  • Great location on a busy road.
  • Big dining area.
  • Growth opportunity.
  • Genuine reason for sale.
  • Long lease.

Opening Hours 11am-9pm. 

Owner's semi-managed net Profit is over $100k.

There is an opportunity to make over $200k net profit for a working couple.
 

Please contact: 

Serdar Kabul, DDI: (09) 394 0574 (OR) MOB: 021 188 6144 

serdar.kabul@linkbusiness.co.nz

Reference: EL01954

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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: #EL01954
Price: $325,000
Profit*: Refer to broker
Sales Revenue: Refer to broker
Bay of Plenty Region, Bay of Plenty
Food/Hospitality, Restaurant
*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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