Ponsonby Bar Restaurant With A Real Buzz. Profitable Too!
About this business for sale in Auckland CityPonsonby 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
*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.