Link Business

Wynyard Quarter Waterfront Café / Restaurant / Bar. $2m Plus Sales.

Listing: #EL02384

Asli Can

Broker | Auckland - Ellerslie

Asli Can

asli.can@linkbusiness.co.nz

+64 9 579 9226

+64 27 366 7776


About this Business for sale in Auckland City

Wynyard Quarter Waterfront Café / Restaurant / Bar. $2m Plus Sales.

Wynyard Quarter Waterfront Café / Restaurant / Bar. $2m Plus Sales.

This is an exceptionally well-established Café/Restaurant/Bar and it is nestled in the cosiest, busiest top corner of America’s Cup venue of Wynyard Quarter.

For many years this site has generated significant sales but it is now time for a new owner to breathe fresh life in to it. Wynyard Quarter is an important hospitality area and not just because of the Cup. There is major development in this area with The Hyatt Hotel opening soon and new apartment buildings popping up every other month.

This is not for the feint-hearted so you will need strong hospitality experience and skills to succeed in this area where the big boys are already trading extremely well. The Landlord will insist on a great concept and good experience. This is, however, your golden opportunity to acquire this going-concern business at a very reasonable price.

  • Strong weekly sales (in excess of $2m per annum)
  • Just a great waterside location
  • Great indoor and outdoor seating options
  • $2,000,000 plus turnover
  • Has been returning over $450k to the owner in previous years

This last year has been a little tough for the owners with a surplus of around $300k. Previous years have seen in excess of $500k so this is great buying. The sales are still strong but, again, prior years have seen over $3m!  Such is your opportunity!

You could keep this place as it is but, why would you?  I see someone using their skills to create something very special in this enviable location. Summer and the Cup are coming.  This is a front-and-centre hospitality opportunity.

 

Call Asli Can for viewings 027 366 7776

 

Note: Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business. Please contact the broker for further details.

Auckland - Ellerslie
asli.can@linkbusiness.co.nz
+64 9 579 9226
+64 27 366 7776

Asli Can

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*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.