Opportunity Ahead. Profitable Kebab Business
About this business for sale in Auckland SurroundsOpportunity Ahead. Profitable Kebab Business
This busy and long established Kebab restaurant is 240 meters squared and located on a Busy Road in Palmerston North . It has been under the same ownership for 8 months but has been operating for over 10 years. The business operates as a traditional Kebab restaurant. It holds traditional events such as belly dancer nights. This is a great opportunity to get into a hospitality business. The current owner is a busy other business commitments, he bought this restaurant to provide job opportunities for his relatives but they no longer need this.
Asking Price - $325k
Potential vendor finance with an initial payment of $150k (“subject-to” offers) .
Average Weekly Turn over approx.. $14,000 inc gst
Rent: $2,916 plus GST per month
- Great location on a busy road.
- Big dining area.
- Growth opportunity.
- Genuine reason for sale.
- Long lease.
Opening Hours 11am-9pm.
Owner's semi-managed net Profit is over $100k.
There is an opportunity to make over $200k net profit for a working couple.
Serdar Kabul, DDI: (09) 394 0574 (OR) MOB: 021 188 6144
+64 9 394 0574
+64 21 188 6144
*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.