Top End Restaurant! Top Location! Great Lifestyle Choice!Listing: #HC00167
About this Business for sale in Bay of PlentyTop End Restaurant! Top Location! Great Lifestyle Choice!
Fine Food is available in an excellent setting in this rural town’s long-established premier Restaurant.
Located in the Eastern Bay of Plenty (not in Tauranga) and situated in this large coastal town is a fantastic Restaurant and Bar.
The Restaurant is known for its superb food and drink selection and top-notch service!
Income: Current projections are showing the business well on the way to pushing through the $1,000,000 mark for the financial year with no signs of slowing down!
Net Profit to working owner: $239,796 (adjusted).
Weekly sales: Averaging $20,000 plus.
Currently operating a 6-day week with opening hours from 10.00am to late. There is still room to increase revenue.
The owner runs the restaurant from a General manager position and is ably supported by FOH manager and Head Chef positions.
Come and take the reins with this one and enjoy life whilst making some good money!
The vendor is motivated and is looking for a new challenge!
For further information about the actual location in the Bay of Plenty, please contact the Broker.
Asking Price: $490,000 + SAV (Negotiable)
**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.
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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.