Link Business

Café Bar Restaurant. $50k per week and $600,000 Profit!!

$1,600,000Auckland CityListing: #EL01878

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$1,600,000


$600,000


$2,500,000


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

Café Bar Restaurant. $50k per week and $600,000 Profit!!

Café Bar Restaurant. $50k per week and $600,000 Profit!!

 

This is an exceptionally well-priced Hospitality business that has enjoyed many years of solid success.

This is an exceptional North Shore business that has been owned by the same people for over 10 years now.

Sales average just under $50,000 per week (inc GST) and it this super-solid business is easily the best performing in this suburb.

Food costs run bang on target at 30% and wages are controlled nicely just under 30%.

The fit out is of a very high quality and there is an exceptionally strong lease in place.  

  •          Sales of $50,000 per week
  •          Profits over $600k per annum
  •          Rent around 7% of sales
  •          Good food & beverage mix
  •          Great staff and tight systems

 

The owner does work in the business and there is a good team of staff in place. A new owner will be given full training and support.

After 10 years a move overseas is on the cards for the owner and so they offer this cracker for sale somewhat reluctantly.

Asking $1.6m plus stock

Reference: EL01878

Auckland - Ellerslie
nick.giles@linkbusiness.co.nz
+64 9 555 6039
+64 21 676 832

Nick Giles

Enquire Now
Auckland - Ellerslie
vivian.wang@linkbusiness.co.nz
+64 9 555 6045
+64 21 284 8168

Vivian Wang

*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.