Unaffected Profitable Cafe. Low Rent + High ProfitsListing: #EL02101
About this Business for sale in Auckland CityUnaffected Profitable Cafe. Low Rent + High Profits
If you are looking for a distressed cafe because of the recent pandemic, then keep looking. However, if you are in the market for a business which has bounced back like nothing ever happened then this one is for you!
The cafe is currently trading under Level 2 restrictions, and this means about half of the seating has been removed. However, this doesn't seem to have affected them with sales almost at pre lockdown levels!
The owner here has done an exceptional job over the past few years of establishing the cafe as one of Auckland's best. Rave reviews and a strong social media following is backed up by strong sales which continue to increase month on month, year on year!
The business is currently fully managed, and the owner only works when required, which is around 1 or 2 days per week. He has other businesses; therefore, someone who has a bit more time on their hands could easily step in and pick up more shifts to reduce wages even further. On top of that, the business only operates for 49 weeks of the year as they close for three weeks over Xmas & New Year, further sales could be had if they stayed open.
The cherry on top of all of this is that the business comes with bank-friendly accounts, including any sales data you require to complete your Due Diligence.
UPDATE - Weekly Sales are now back to pre Covid levels and this is with reduced seating! Bring on Level 1!
- Pre C-19 Weekly Sales - $30k per week (inc GST)
- Current Level 2 Weekly Sales - $31k per week (inc GST)
- Sales are increasing by 20% vs same time last year & continue to rise
- Cost of Goods – 28.5%
- Wages – 33.6% (fully managed)
- Rent & OPEX to Sales Ratio – Only 4.6%
- $295k Surplus to one working owner (49 weeks)
- City Fringe/Suburban location
- Bank-friendly financial accounts
Asking Price - $850,000 plus stock
Call me today to have a confidential discussion -
021 555 384
Note: Due to the confidentiality of this business stock photo Images may be used to represent the business. Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and completion of a Confidentiality Agreement. Please contact the broker for further details.
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+64 9 555 6011
+64 21 555 384
*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.