Opportunity Ahead. Profitable Kebab BusinessListing: #EL01954
About this business for sale in Bay of PlentyOpportunity 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.