Main Road Bar & Cafe South Taranaki RegionListing: #EL00738
About this Business for sale in South TaranakiMain Road Bar & Cafe South Taranaki Region
Located in the CBD of a small town of South Taranaki, this popular Dine-in Cafe and Bar sits on a main road exposed to ample local Foot-Traffic and Holiday-goers heading to the water-front.
The cafe is well known amongst the locals for its vast variety of European continental food which caters from appetizers to desserts.
The bistro is currently owner-managed with 2 chefs, 2 waiting staff and a dishwasher. The owner has decided to move overseas and the business must go! - The business can easily be converted into a staff-managed operation.
- Currently Turning Over $9,200 Per week
- A very low rent of $607 Including GST & OPEX for the spacious 120 square meter premises.
- Very secure lease in place until 2024 with extendable terms.
- Operating hours - 11:00 AM to 2:00 PM (LUNCH) and 5:00 PM to 9:00 PM (DINNER) all 7 days.
A perfect business for an individual without hospitality experience looking for an entry level opportunity.
Asking Price: $129,000 + Stock At Valuation (~$5,000)
So if you feel this is for you, contact the A-team:
Anil Vazirani - DDI: (09) 525 2-6-4-5 (525 A-N-I-L) or MOB: 021 0277 8149
Ron Vazirani - DDI: (09) 555 6036 or MOB: 021 294 2978
Note: For more detailed information, including financial statements, lease documents, GST returns etc. please refer back to the broker.
+64 9 555 6020
+64 21 0277 8149
*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.