Link Business
*** SOLD ***

Lunch Bar & Bakery in Busy Commercial Area

Listing: #18314
price

$216,000

Profit

sales

industry

Mount Maunganui

Industry

Food / Hospitality



About this Business for sale in Mount Maunganui

Lunch Bar & Bakery in Busy Commercial Area


This busy Lunch Bar and Bakery is sited in a large commercial area with many large businesses containing hungry workers surrounding it. It has been based on this site for 8 years and the current owner has operated it for the last 5 years and developed a great reputation in the surrounding commercial area for quality food. They specialise in making all the cabinet food on site including over 100 pies they make and sell every day. The current staff of 4 includes the two working owners plus a baker and a sandwich maker. Currently open 5 days a week and closed weekends, public holidays and also for two weeks at Christmas. The premises is large for this type of business with two commercial ovens, a prover and all the mixing machinery you could need, along with two large gas burner cook tops for producing the meat for the pies and sausage rolls made onsite. Turnover is on average $8500 per week including GST as advised by the owner, and the rent is very reasonable for its size and road profile at $29,000 excluding GST per year. Further information is available upon signing of a confidentiality form.

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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.