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Wonderful Suburban Cafe. Surplus $240K
Listing: #EL00306
Nick Giles
Broker | Auckland - Ellerslie
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About this Business for sale in Auckland City
Wonderful Suburban Cafe. Surplus $240KThis cafe is on a hugely sunny site on the Lower North Shore and is open daytime only.
There is a strong lease in place with rent at just over 6% of sales. The owners report weekly sales of $23,000 and growing.
There is a great staff contingent in place and the cafe is currently fully managed.
The hard work has been done here but there is certainly room to further grow the business if you want.
An owner operator should earn $240,000 here on current costs and this is excellent buying at this price.
Asking $695,000 plus stock.
Reference: EL00306
*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.