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*** SOLD ***
Buffet Restaurant Licensed
Listing: #14856
Henry Han
Broker | Auckland - Ellerslie
This listing is no longer taking enquiries as it is SOLD
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About this Business for sale in North Shore City
Buffet Restaurant LicensedLast chance to grab this amazing opportunity as the owner is retiring after long time in hospitality industry. The business is located at a popular beach front at North Shore with both inside and outside seating. It also has courtyard area which could be separate for private function. This restaurant is very easy to run and superbly presented. The rent is very low at less than 6% of the turnover. There is a clean and tidy 3-bedroom accommodation that has been rented out but is suitable for the business owner to occupy. The turnover is 1 million(excluding GST) per year and the owner cash surplus is $250,000. Motivated vendor has dropped the price from $695,000 to $495,000 plus stock. You need to be quick to secure this fantastic opportunity. Please call Henry Han 021 516 588 or Susan Han 027 566 8938 to arrange a view.
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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.