About this Business for sale in Auckland Surrounds

Tucks & Bao Brand & Restaurants For Sale. Super Exciting Opportunity!

Tucks & Bao is such a cool brand! A fusion of gastro-pub and street food concepts, it offers fast-casual Asian fusion dining in large premises that enjoy relaxed ‘street-food’ style fit-outs. The Tucks & Bao atmosphere is casual, with an emphasis on a playful and cheerful vibe reminiscent of Khao San Rd, Bangkok or the Old Quarter of Ho Chi Minh.

Founded some 5 years ago, the business did so well at the Newmarket location that the owners developed and opened a second site in Takapuna. In 2020 the company expanded further by purchasing and kitting out a super-impressive ‘Airstream’ style food trailer.

For sale are both the Newmarket and Takapuna restaurants, the Food Trailer, all tangible assets and all IP and know-how to do with the brand. This IP is significant.

The owners set out with a goal to make this an exceptionally streamlined and digitised operation. Every step of the operation is as simple as they could make it. The menu is designed to be extremely easy to manage and cost-effective. This is not a labour-intensive business and the processes have been designed so that highly experienced staff (especially chefs) are simply not required.

Covid has certainly got in the way as it has for everyone, but the business is super sound and the sale offers such an exciting opportunity to a new owner. The owners have other responsibilities away from hospitality and Tucks & Bao was always a fun project for them. Pure timing means that they must sell before they have fully realised the potential.  This is very much where you come in!
 

WHAT’S FOR SALE

  • 2 going concern restaurants with seating for 70+ patrons each
  • Strong leases with reasonable rents
  • A spectacular ‘Airstream-style’ food trailer
  • All intellectual property
  • Significant tangible assets with a depreciated value of over $200,000
  • Full training and support

 

THE OPPORTUNITY

Significant planning, energy, money and trial-and-error has gone into getting Tucks & Bao where it is today. With the country (hopefully) riding over the crest of the Omicron wave, there is a significant opportunity here for someone to grab hold of this brand and grow it significantly.

This is a product that will have appeal right across the country and the potential to Franchise is very real indeed. The whole operation has been designed and implemented with this in mind.

The owners are NOT hospitality people and yet they have achieved something quite significant and all during difficult times for the Industry.
 

WHO WILL BUY THIS?

Really anyone that has an eye out for an exceptionally well-priced business that offers very significant growth potential.  It could be that another brand may even see the benefits of rolling this concept into their own ‘system’. It may be that you are tired of the rat race and want to get out there and do something for yourself. You may be an existing hospitality professional looking for your next adventure.

Regardless – there is a real opportunity here so do not miss out!
 

Asking $360,000 plus stock

 

To find out more, view the video here:  https://www.youtube.com/watch?v=r2z-2RLo3UU

Or go to linkbusiness.co.nz/EL03477 and press the “Enquire Now” button to complete an online confidentiality agreement.

 

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.

#wesellbusinesses #restaurant #gastropub #asianfusion #newmarket #takapuna 

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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: #EL03477
Price: $360,000
Profit*: $120,000
Sales Revenue: $1,300,000
Auckland Region, Auckland Surrounds
Food/Hospitality
*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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