Very Well Priced. Lifestyle Grill, Bar & RestaurantListing: #EL01958
About this Business for sale in Bay of PlentyVery Well Priced. Lifestyle Grill, Bar & Restaurant
The vendor needs to move onto his other developments. He sets up and sells restaurants. He has other opportunities and cannot run this restaurant anymore. Also, the owner can purchase 75% of the shares as the small shareholder is happy to stay in the business.
It was set up about 6 months ago but already making thousands. The restaurant is beautifully built using top quality materials. It is well located in a newly developed busy shopping centre and approx. 50m away from the beach. It is already making a profit. There is a supermarket being built next door and the vendor is expecting to increase the turnover when it is completed. This is a great opportunity to buy a hospitality business with loads of future potential at a reasonable price.
The tangible asset value is $157,864.
Genuine reason for selling.
Great location and great potential.
Lifestyle environment - 50m from the beach with many fishing spots.
Excellent suburb, family-friendly environment.
Very reasonable overheads. There is no need to hire high paid staff such as chef, manager, etc.
Promoting healthy food.
This opportunity would best suit an owner operator with a passion and flair for hospitality.
DDI: (09) 394 0574
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.