Fabulous Café Bar Restaurant. Sales $2.5m. Profit $600k
About this business for sale in Auckland CityFabulous 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
+64 9 555 6039
+64 21 676 832
*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.