Steakhouse. Retiring Owner Will Offer 50% Finance

Price

$92,000

Profit *

Refer to Broker

Sales Revenue

Refer to Broker

Location

Bay of Plenty Region, Tauranga

Category

Food/Hospitality, Cafe Restaurant

Listing #

14123

Tauranga Cafe Restaurant Business for Sale
Tauranga Cafe Restaurant Business for Sale

About this business for sale in Bay of Plenty Region, Tauranga

Ideal 2 person 5 day business. Net $50,000 p.a. Cheap rent of just $17,000 per year with a great location and fantastic reputation. Very easy to operate with full training provided. Predominantly branded as a steakhouse but also on offer is fresh fish, chicken, lamb etc. A self service salad bar offering 12 different salads each night is included in the price of all main meals. There is also a children’s' menu & the restaurant can be booked for private functions. It is fully licensed with BYO wine allowed. Also operates successfully as a function centre for weddings, private parties etc. The restaurant has comfortable seating for 45 & trades 5 days, Tuesday through Saturday & is on town supply gas. This restaurant cost the current owner over $200,000 to set up & equip 7 years ago & has a very impressive chattel list of plant & equipment. Owner will offer up to 50% vendor finance so he can retire. The owner is selling up to retire & offers someone younger a chance to buy a well set up business with an established clientele of regular customers. Combine the great Tauranga lifestyle with your passion for food. Email me for further details.

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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*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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