Restaurant. Profits Over $335k. Asking Just $895k!

Price

$895,000

Profit *

Refer to Broker

Sales Revenue

Refer to Broker

Location

Auckland Region, Auckland City

Category

Food/Hospitality

Listing #

20440

Nick Giles Headshot

Business Broker

Auckland - Ellerslie

+64 9 579 9226

+64 21 676 832

[email protected]

Auckland City Food/Hospitality Business for Sale

About this business for sale in Auckland Region, Auckland City

Of all the businesses I have sold over the last 7+ years … this gives by far the most bang for your buck and should not be overlooked!

This a very well-run and extremely profitable local North Shore restaurant. The fantastic thing is that it is open just 6 nights per week! Better still, even during those 6 nights it only operates for 5 hours! It is also closed for over 3 weeks at Christmas! So, just to recap on the maths … that’s 30 hours of trading per week for 48 weeks of the year!

Average sales are in excess of $26,000 per week and an owner operator should earn in excess of $335,000 per annum. Not at all bad! That’s over 41% Return on Investment. Even if you had a Manager completely running the show for you and paid them a massive $85,000 a year the remaining managed profit would still represent around 32% ROI.

This place has been really steady under the same owners for over 5 years. All systems are in place and the staff are solid. The main Chef has been there over 5 years.

Why look at this over a café? Simple really. Read the figures again! Over $375k for 30 hours of work with average spend per head approaching $100. How many hours and how many transactions does a café need to do to reach $26,000 per week? The answer is an awful lot!

This really is sensible buying. It is a great restaurant with a cuisine that is easily accessible to a wide variety of customers. The place enjoys huge amounts of repeat business. If you want to increase the business just open that 7th night and even for lunch!

• Easy operation with very short hours!
• Excellent reputation in this classy North Shore suburb
• Great training on offer – Experience not essential here
• Loyal and strong staff
• Huge profit for just 30 hours of trading
• Want more profit? You can open longer if you like

Simply fantastic buying at $895,000 plus stock

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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Nick Giles Headshot

Business Broker

Auckland - Ellerslie

+64 9 579 9226

+64 21 676 832

[email protected]

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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