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*** SOLD ***
North Shore Restaurant. Sea Views and Profits
Listing: #16775
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
North Shore Restaurant. Sea Views and ProfitsLooking for an awesome restaurant site? A simply fantastic location with great sea views. This is a well-respected North Shore restaurant enjoying average weekly sales of around $25,000. It is run largely under management and would, therefore, suit a range of potential owners. It is a nice, solid, steady business. It is a large restaurant (seating for 80) with a large kitchen, plenty of storage and ample parking for customers. An owner operator should expect to earn in excess of $150,000. Whilst it is performing well at present, this restaurant occupies an enviable position and the smart investor / operator could make significant inroads in to increasing sales (and bottom line!). The beautiful thing here is a lack of immediate competition. A rare opportunity to secure a fantastic business and excellent buying at this price. Asking $359,000 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.