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*** SOLD ***
Cafe Restaurant. Vendor Reports $27k pw Sales!
Listing: #16072
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
Cafe Restaurant. Vendor Reports $27k pw Sales!This is a licensed cafe / restaurant and is located in a top street in a top central suburb. Based on reported sales, an owner operator should be able to make between $250k and $300k surplus per year so this is extremely well priced. By day it serves expected Auckland cafe food and superb coffee (over 25kg per week) and at night it becomes an intimate bistro with great food and good alcohol sales. It really has become extremely popular as a night time option in this great suburb. Often it is near full when other places are just ticking along. The fit out of the cafe is simply superb, a real credit to the owner and it has bags of street appeal. The equipment is of a very high level. Whilst the owner has been instrumental in building this business to where it is, he is by no means a full time presence here. At the moment there is a part time Manager and soon to be a full time General Manager. The owner is willing to give great training and support here. There is a solid lease in place and all costs are well controlled here. All the hard work has been done here and yet there is still scope to grow sales still further! At $625,000 plus stock this is a very interesting listing.
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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.