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Mount Eatery Get in Ready for Summer 2015
Listing: #18831
Theresa Eagle
Broker | Bay of Plenty
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About this Business for sale in Mount Maunganui
Mount Eatery Get in Ready for Summer 2015
Steady profitable restaurant with short hours in Mount Maunganui, you couldn’t ask for more! Owners do not work the evenings, unless covering annual leave, and there are great systems in place.
Currently one owner works approx. 15 to 20 hours per week, doing preparation through the day at her own leisure, and the business is showing a net surplus of $120,000 (2014 financial statements).
The business is north facing so catches the morning sun, so a converse to daytime trade would be a no brainer. Landlord will extend the lease to 2023 and currently paying approx. $36,000 PA plus outgoings.
It’s time for new energy and the existing owner wants someone else to enjoy this great business too.
*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.