Link Business

Stunning Restaurant Bar. Incredible Fit-Out!

$825,000Auckland CityListing: #EL00884


Auckland City businesses for sale 


$825,000

Food/Hospitality businesses for sale
Restaurant businesses for sale, Auckland City
Refer to Broker


About this business for sale

Stunning Restaurant Bar. Incredible Fit-Out!

Located in a prime location in this important residential suburb

With sales in excess of $30,000 per week which are very much growing by the week, this is a fantastic opportunity to buy this incredibly well appointed restaurant, cafe and bar.

The restaurant has seating inside for over 120 in a variety of different areas plus another 40 plus covered outside seating out front.

No expense has been spared here and the value of the fit out well exceeds the asking price!

Costs are well controlled with cost of sales running at around 28%, there is a strong lease in

place and rent around 7% of sales.

  •         Truly high end fit-out
  •         Amazing kitchen and separate wood fired pizza kitchen
  •         Well controlled costs
  •         Sales on the increase
  •         Solid lease and good rent

Based on the cost structure of this place, a working owner should be able to enjoy a surplus based on last year’s sales of $300,000 plus.

The owner has set an extremely realistic asking price of $825,000 plus stock. This is a good one so don’t miss out on this opportunity.

Asking $825,000 plus stock

Reference: EL00884

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.