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*** SOLD ***
Restaurant. Profits Over $335k. Asking Just $895k!
Listing: #20440
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
Restaurant. Profits Over $335k. Asking Just $895k!Of all the businesses I have sold over the last 7+ years ... this gives by far the most bang for your buck and should not be overlooked! This a very well-run and extremely profitable local North Shore restaurant. The fantastic thing is that it is open just 6 nights per week! Better still, even during those 6 nights it only operates for 5 hours! It is also closed for over 3 weeks at Christmas! So, just to recap on the maths … that’s 30 hours of trading per week for 48 weeks of the year! Average sales are in excess of $26,000 per week and an owner operator should earn in excess of $335,000 per annum. Not at all bad! That’s over 41% Return on Investment. Even if you had a Manager completely running the show for you and paid them a massive $85,000 a year the remaining managed profit would still represent around 32% ROI. This place has been really steady under the same owners for over 5 years. All systems are in place and the staff are solid. The main Chef has been there over 5 years. Why look at this over a café? Simple really. Read the figures again! Over $375k for 30 hours of work with average spend per head approaching $100. How many hours and how many transactions does a café need to do to reach $26,000 per week? The answer is an awful lot! This really is sensible buying. It is a great restaurant with a cuisine that is easily accessible to a wide variety of customers. The place enjoys huge amounts of repeat business. If you want to increase the business just open that 7th night and even for lunch! • Easy operation with very short hours! • Excellent reputation in this classy North Shore suburb • Great training on offer – Experience not essential here • Loyal and strong staff • Huge profit for just 30 hours of trading • Want more profit? You can open longer if you like Simply fantastic buying at $895,000 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.