Cafe, Restaurant and Bar. Auckland Suburb.Listing: #EL03090
About this Business for sale in Auckland SurroundsCafe, Restaurant and Bar. Auckland Suburb.
Exceptionally strong Auckland suburb location for 15 years, very well-known Cafe, Restaurant and Bar. Anyone new can immediately take advantage of the enormous presence developed over the past few years. The Cafe/Restaurant enjoys an A-Grade certificate from the Council until May 2022. It has had very consistent sales throughout the year as it attracts local residents, office crowds and it is located in the high-foot traffic location of the suburb.
The owner has done a fabulous job in building this business during PRE and POST COVID-19. The business enjoys excellent reviews, Facebook 5/5, Zomato 4/5, First Table 8.2/10, and Google 4/5. Heaps of repeat and regular custom both for locals and visitors to the area.
The fit-out is of an extremely high standard and the premise has a huge kitchen and sitting space, and all the equipment and furniture are owned and are in excellent condition.
The Financial Accounts are in good order and the business enjoys sales of over $13,000 per week (including GST) and a working owner would enjoy a surplus of around $140,000 per annum. The business is yet to reach its full potential and there is another lucrative revenue stream (catering and functions) that has not been attacked at all. There is certainly an upside here if you would like to grow it further.
- Currently, the business is fully managed
- Rent of under 11% of sales
- Exceptionally strong lease and strong landlord’s support during COVID-19 lockdown
- Highly desirable location
- Strong staff and management
- Massive commercial kitchen
- Very real growth potential
- Good End of Year Accounts
Asking Price $450,000 plus stock
To find out more, go to linkbusiness.co.nz/EL03090 and press the “Enquire Now” button to complete an online confidentiality agreement.
***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.
#auckland #cafe #hospitality
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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.