Restaurant and Cocktails. Prime Location!
About this business for saleRestaurant 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.
+64 9 555 6039
+64 21 676 832
*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.