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*** SOLD ***
Mt Eden Closed Restaurant. Prime Corner Site
Listing: #19199
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
Mt Eden Closed Restaurant. Prime Corner SiteThis iconic site occupies one corner of a prime intersection right in the heart on Mt Eden Village – the corner of Mt Eden Road and Essex Road. This is a closed business and, as such, there is a current lease in place. Located in an historic building with an impressive facade, these premises have been the site of some fabulous businesses over the years from restaurants to bakeries to gastro bars and taverns. Most recently it housed a cafe. The fit out is quite stunning and huge money was invested by previous owners. Set over 2 levels, this almost 400m2 site boasts 2 cool rooms, a very large and well laid out kitchen, various seating areas, 2 separate storage rooms, rear access for deliveries and even a deck to the rear on the upper level. Mt Eden is a thriving and affluent village with strong foot traffic both day and night. The market is ripe for a seasoned hospitality person to transform this important site in to a major food and beverage destination. Could it be a modern fusion restaurant? A gastro bar? A themed tavern? You decide. Included in the crazy price of $68,000 (plus GST) are most of the assets of the business. There is an extremely strong lease in place and the rent is reasonable for the size and location. To even get consents in place alone to operate as a licensed restaurant would cost more than this asking price. To fit it out to its current state of readiness would cost many hundreds-of-thousands-of dollars. This is smart buying. Asking just $68,000 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.