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*** SOLD ***
Cafe / Restaurant – High profile location. Quality fit out. Cost $650k to fit out ... selling below
Listing: #12290
Nick Giles
Broker | Auckland - Ellerslie
This listing is no longer taking enquiries as it is SOLD
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About this Business for sale in
Cafe / Restaurant – High profile location. Quality fit out. Cost $650k to fit out ... selling belowThis Café / Restaurant is located in a very prestigious area. The current owners (of 3 years) have done a fantastic job setting this place up and securing a strong lease and a loyal customer base. There is massive benefit here for someone to take over this lease as it was negotiated on extremely good terms with rent way below its neighbours and what is the norm for this area. No expense was spared on the fit out and this is being offered well below fit-out cost. Whilst it is currently running well, it would benefit greatly from a new hands-on and motivated owner operator. Good opportunities for growth both during the day and in the evenings The owners are willing to provide support and may look at some financing assistance for the right operator. This really is a fantastic opportunity to secure a site in this prime position with great opportunity for capital gain. Call me now for a confidential chat.
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This listing is no longer taking enquiries as it is SOLD
*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.