Lifestyle Cafe & Convenience Store Inside a PolytechnicListing: #EL02414
About this Business for sale in Manukau CityLifestyle Cafe & Convenience Store Inside a Polytechnic
A perfectly situated life-style convenience store and cafe inside a well known Polytechnic of Auckland.
This is a Fully (100%) Staff Managed Site seeking a new owner operator.
Leased directly from the Polytechnic with renewable terms for the new owner.
- Turning over and average of $19,000 to $21,000 weekly.
- Huge gross profit margins averaging above 45% due to majority of high value (low cost) products sold.
- Very Low Annual Rent of $43,200 inclusive of GST, Water & Rates
- Operating Hours: Mon to Fri 6:00 AM to 8:00 PM, Closed on Sat & Sun.
- 2 Weeks closure in Xmas time
Owner is selling this business to retire!
This 5 day canteen provides the owner the finest flexibility and lifestyle unlike any such business with rewarding profits
>> Asking Price: $585,000 + SAV
Please contact 'Team A' for further information on the business:
Anil Vazirani on DDI. 09 525 2645 (OR) MOB: 021 0277 8149
Ron Vazirani on DDI: 09 555 6036 (OR) MOB: 021 294 2978
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.
+64 9 555 6020
+64 21 0277 8149
*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.