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*** SOLD ***
Local Cafe Returning Profits Over $170,000
Listing: #20043
Theresa Eagle
Broker | Bay of Plenty
This listing is no longer taking enquiries as it is SOLD
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About this Business for sale in Mount Maunganui
Local Cafe Returning Profits Over $170,000This is a business that continues to grow from strength to strength. Weekly sales average of $17,800 With strong local branding this Cafe enjoys local customer awareness, which has been fantastic for the current owners that have relocated from Auckland to the Bay of Plenty and found the community to be very welcoming. One of the best benefits of this site is that it gets the morning sun, which they utilise with loads of seating outside. A good lease in place, with no required earthquake strengthening, and the rent is less than 6% of turnover. Systems are in place, staff know what they are doing, and customers support and love the café, which in turn results in a fantastic bottom line for this business. Returning over $170,000 to one working owner. The opportunity now exists for a new owner to build on the foundations that have been laid and put their own mark on the future of this business. The hard work has been done, and it’s now ready for you to refine and lead it to the next phase.
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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.