Link Business

Ponsonby Bar Restaurant With A Real Buzz. Profitable Too!

$550,000Auckland CityListing: #EL01873

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$550,000


$215,000


Refer to Broker


Auckland City businesses for sale 

Auckland

Food/Hospitality businesses for sale
Restaurant businesses for sale, Auckland City


About this business for sale in Auckland City

Ponsonby Bar Restaurant With A Real Buzz. Profitable Too!

This such a cool place! There has been a great buzz about it both in magazines and online and it is a real Social Media hit ….. and best of all ….. it’s in Ponsonby!!

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.

Really interesting food and just a superb cocktail list!

The business is good.  Strong alcohol sales mean great margins and this Is further helped by a decent proportion of the business being groups and functions. COGS, then, are barely over 20%!

A working owner should be able to achieve a surplus of around $215,000 plus here but this Christmas season should boost that figure nicely as it is set to be a busy one!  Currently it is fully managed.

  • Ultra-desirable location
  • Amazing fit out and feel to it
  • Superb margins
  • Strong lease in place
  • Massive Social Media presence
  • Very real opportunity for continued growth
  • Currently fully managed

I see the new owner of this place being someone who loves building relationships with people and wants to enjoy a fun and vibrant working environment.

The staff are excellent so you do not necessarily need huge hospitality experience. A love for people and service are key, and a strong understanding of running a business and the importance of marketing are more important facets of your game.

 

Asking $550,000 plus stock

Reference: EL01873

Auckland - Ellerslie
jeff.wiley@linkbusiness.co.nz

+64 21 555 384

Jeff Wiley

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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.