Steakhouse. Retiring Owner Will Offer 50% Finance
Listing: #14123Peter Redward
Broker | Bay of Plenty

About this Business for sale in Tauranga
Steakhouse. Retiring Owner Will Offer 50% Finance
Ideal 2 person 5 day business. Net $50,000 p.a. Cheap rent of just $17,000 per year with a great location and fantastic reputation. Very easy to operate with full training provided. Predominantly branded as a steakhouse but also on offer is fresh fish, chicken, lamb etc. A self service salad bar offering 12 different salads each night is included in the price of all main meals. There is also a children’s' menu & the restaurant can be booked for private functions. It is fully licensed with BYO wine allowed. Also operates successfully as a function centre for weddings, private parties etc. The restaurant has comfortable seating for 45 & trades 5 days, Tuesday through Saturday & is on town supply gas. This restaurant cost the current owner over $200,000 to set up & equip 7 years ago & has a very impressive chattel list of plant & equipment. Owner will offer up to 50% vendor finance so he can retire. The owner is selling up to retire & offers someone younger a chance to buy a well set up business with an established clientele of regular customers. Combine the great Tauranga lifestyle with your passion for food. Email me for further details.
*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.