There are deals and there are deals. This is a DEAL!
The owners have their own reason for doing this but I have just slashed the price from $900,000 to $600,000!! If you worked here, it would take you just 1 year and 7 months to repay the purchase price!!
The original owner of this place certainly didn’t skimp on the fit-out. This is a big venue with seating for over 160 inside and out.
Sales are just over $1.25m for the year and costs are exceptionally well controlled. So much so that a working owner can enjoy an impressive surplus of over $350,000 ($380k on paper)! This is a fully managed business and, if you kept it like that, then a managed profit of around $280k+ can be achieved. That’s an impressive 31% Return on Investment.
Food accounts for around 56% of sales so there are good margins to be had with a strong split of sales being alcohol. The business operates relatively short hours with a mid-afternoon opening time (lunch at weekends only).
BUSINESS HIGHLIGHTS
- Exceptional Profits: Generate an impressive $350,000 in profits for a working owner. This business has a proven track record of financial success.
- Stunning Fit Out: The restaurant and bar boast a captivating interior design that creates a unique and inviting atmosphere.
- Strong Alcohol Sales: Benefit from 44% alcohol sales
- Cost Efficiency: This business is known for its well-controlled costs, ensuring that your profits remain high.
- Prime Corner Location: Situated in a vibrant neighborhood, you'll have a constant flow of both locals and visitors.
- Turnkey Operation: The business is fully equipped and operational, ready for you to take the reins and continue its success.
- Lease: Strong lease to December 2034
If you've ever dreamed of running a highly profitable restaurant and bar in a thriving Auckland neighborhood, now is your chance. Take the reins, delight your patrons, and watch your bank account flourish!
For more details and to seize this golden opportunity, contact me today. Act fast – opportunities like this are like a fine wine, they don't last forever!
There will be NO negotiation at this price as I've already more than done that for you!
Asking an incredible $600,000 plus stock
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.
#restaurant #opportunity #hospitality
