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*** SOLD ***
Top Cafe. Run 100% Under Management. Profitable!!
Listing: #15548
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 Auckland City
Top Cafe. Run 100% Under Management. Profitable!!Located in a prominent North Shore position, this is one of those bullet-proof businesses. The owners had no hospitality experience at all and they visit the shop very irregularly but it still keeps churning out the profits! It is run completely under management and the owners report that they enjoy sales of well over $30,000 per week. The current owners report a surplus in excess of $300,000 (and that is 100% managed surplus). The business runs well but there are the inevitable inefficiencies that come from a business with little owner input. An owner who is willing to learn the business and better control costs should expect to earn over $400,000 in this place. The owners are in no hurry to sell (why would they be with a passive income such as this!) but personal circumstances dictate that they will consider selling for the right price. Asking price is $1.295m plus stock.
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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.