About this Business for sale in Canterbury

Every now and again a cafe comes on the market that has all the systems in place, enjoys consistently great growth and profitability, and shows no signs of stopping…

Red Eight is a cafe situated in the busy township of Kaiapoi (17km North of Christchurch), an area that is booming with many residential and industrial developments on the go. The population is on the increase.

The cafe is loved by the locals since it first opened in 2015. It has achieved enviable year-on-year sales growth of over 10% reaching in excess of $700,000 GST inclusive last year (Covid year only 45 weeks trading) and more recently, $18,500 a week (GST inclusive) on average, in the first quarter of this year.

Further highlights include:

  • Partly managed, great systems and staff
  • Well located with lots of parking and easy access
  • Great vibe, rustic, contemporary with lots of seating options for over 40 inside and 10 outside
  • Profitable!

Priced to sell $245,000 plus Stock of approx. $5000

This will not be on the market for long – call me for further information.

 

To find out more, go to linkbusiness.co.nz/CS00668 and press the “Enquire Now” button to complete an online confidentiality agreement.

Sami Chesterton, 021 029 78810, sami.chesterton@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.

#buybusiness #cafe #hospitality #redeightcafe #canterbury 

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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: #CS00668
Price: $245,000
Profit*: Refer to broker
Sales Revenue: $614,000
Canterbury Region, Canterbury
Food/Hospitality, Cafe/Coffee Shop
*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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