About this Business for sale in Auckland Surrounds

 

The Parkhouse in Whenuapai really does have everything going for it. Three years ago, the landlord and vendor set out to fully restore this stunning old farmhouse into one of Auckland's most beautiful hospitality venues, and that they did! Today The Parkhouse is a thriving all-day eatery which caters not just to locals in the neighbourhood but also everyone driving through on their daily commute and city-goers who want to get out on the weekends, even though it's only a 20min drive!

The business is surrounded by one of Auckland's most significant housing developments, and one of the main drawcards here is the kid's playground and sizeable public reserve which all year round brings in an abundance of customers to the business.

An extremely versatile hospitality business as while the majority of its sales come through operating as a cafe seven days a week; they also open two nights a week for dinner and host private functions & weddings. It's easy to see how future sales will continue to increase here as Whenuapai continues to grow every year. Don't worry, though. We are not selling the business based on those future sales! The current sales and financials will quickly backup the very reasonable asking price.

The business is currently fully managed, therefore there is a fantastic opportunity for an owner-operator or couple to come in and reduce costs even further. However, if you decided to keep it fully managed, then please know that there is a highly competent team currently in place here.

Business Highlights 

  • Weekly Sales – $24,685 (inc GST)
  • Cost of Goods – 33.58%
  • Wages – 34.99% (fully managed)
  • $215,000 Surplus to one working owner
  • Long & secure lease through til 2031 (including right of renewals)
  • Wood-fired pizza oven
  • High-growth suburban location
  • Fully Managed

 

Asking Price – $495,000 plus stock

Call me today to have a confidential discussion – 

Jeff Wiley

021 555 384

jeff.wiley@linkbusiness.co.nz

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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: #EL02691
Profit*: $214,716
Sales Revenue: $1,116,230
Auckland Region, Auckland Surrounds
Food/Hospitality, Cafe 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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