Link Business

Restaurant and Cocktails. Prime Location!

$465,000Auckland CityListing: #EL00610


Auckland City  


$465,000


Food/Hospitality
$240,000


About this business for sale

Restaurant and Cocktails. Prime Location!

This such a cool place! There has been a massive buzz about it both in magazines and online and it is a real social media hit.

The fit-out is uber chic and the layout is great. There is such a light feeling about the place with an easy flow from inside to a stunning covered outside space. The owners have done a wonderful job building a desirable dining and drinking destination in this always popular suburb.

The business is strong. Sales are over $20k per week and, with strong alcohol sales, the margins are excellent. Just 26% cost of sales, in fact!

Sales are in real growth mode. This has become THE place for corporate to have private functions. Last two weeks have seen functions for $26k and $37k!

A working owner should be able to achieve a surplus of $240,000 plus here.  Currently it is fully managed.

  • Very desirable location
  • Amazing fit-out and feel to it
  • Superb margins
  • Strong lease in place
  • Massive social media presence
  • Very real opportunity for growth.

Exceptionally realistic asking price. This will not last long on the market.

Asking $465,000

Reference: EL00610

Auckland - Ellerslie
nick.giles@linkbusiness.co.nz
+64 9 555 6039
+64 21 676 832

Nick Giles

*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.