Low Competition Licensed Restaurant
Listing: #17116Theresa Eagle
Broker | Bay of Plenty

About this Business for sale in Thames-Coromandel
Low Competition Licensed Restaurant
This restaurant is situated in an unique area in Whangamata, with very little to no direct competition.
Seating up to 100, and a fantastic indoor – out door flow, this substantial venue bows well to function and wedding reception bookings, on top of the upmarket la a cart restaurant trade.
You can work hard in summer, trade for 7 days and then take it easy for the other 9 months of the year by only trading evenings 5 nights a week. Or grow the business further and trade more days and open longer. Current owners have done all the hard work for you by setting systems, brand & a great reputation in place.
- Annual rent is reasonable and finial lease expiry 2020.
- Summer sales average $20,000 per week (December to March).
- To one working owner this business returns approx. $82,000.
This business will not be around for long!
*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.