Link Business

Fabulous Café Bar Restaurant. Sales $2.5m. Profit $600k

$2,100,000Auckland CityListing: #EL01878

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$2,100,000


$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

Fabulous Café Bar Restaurant. Sales $2.5m. Profit $600k

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 $2.1m 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.