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*** SOLD ***
Major Franchise Café. Amazing Opportunity Here!
Listing: #19799
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 North Shore City
Major Franchise Café. Amazing Opportunity Here!This is a key North Shore café and certainly one of the key stores for this franchise brand. Here’s the thing about this listing – It's an opportunity to buy this for substantially below where it would ordinarily sit in the market. That means very real capital gain potential as well as very decent profits. The café performs exceptionally well with weekly sales near $30,000 per week and very happy customers. The business side, however, needs tightening. It is run under management and wages are approaching 40%. This is where you come in! Tweak it and there is another $100,000 profit here for you! It is a wonderfully designed cafe with a superb flow to both covered and uncovered outdoor seating areas. Some serious money was spent on the fit out and it shows. There is seating for over 100 here and good parking. It has become a meeting place for business people during the week and friends and family at the weekend. It has enjoyed solid and regular customers over the 6 years it has been in existence. The cafe is perfect for private functions (an area that has been under developed) and the kitchen is capable of handling huge amounts of catering should a new owner wish to develop this area. The franchisor will provide training and good support to a new owner and the current owners will ensure a smooth hand over. This is a premium hospitality business and would suit either someone with hospitality experience or an owner new to the industry but who has strong customer service and management skills. Asking just $785,000 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.