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*** SOLD ***
Nostalgic Upper Hutt Café and Wine Bar
Listing: #14769
Dave Morgan
Broker | Wellington
This listing is no longer taking enquiries as it is SOLD
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About this Business for sale in Lower Hutt
Nostalgic Upper Hutt Café and Wine BarThis is one of Upper Hutt’s busiest cafes with an attached wine bar. Originally established in 2002, the current owners took possession in 2007. The café wine bar is now one of Upper Hutt’s true community and live entertainment venues that exudes atmosphere from a colourful and historic past. It is now seen by many as a local landmark and icon of the Upper Hutt region. The café/wine bar has 4 year average annual sales in excess of $750,000 with a 2012 EBPITD of $245,603. This café is extremely well run by an operator who understands the community they serve. The current lease expires in September 2016 and the landlord would welcome a renewal. If you’re a café specialist who enjoys engaging with the community you serve, this café is a must from vendors who are realistic about price.
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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.