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North Shore Café. Amazing Site. Exceptional Price!
Listing: #EL01532
Nick Giles
Broker | Auckland - Ellerslie
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About this Business for sale in Auckland City
North Shore Café. Amazing Site. Exceptional Price!Once upon a time this café sold for over $1m!!
When the café opened I thought it was the perfect set up. A very easy flow to outdoor areas, great seating choices, heaps of parking right outside and situated prominently above the main road.
- Perfect location
- $16,500 per week and it used to do around $30k not so long ago!
- Strong lease in place
- 150 seats
- Great parking right on the doorstep
- Area with major residential growth
At $16,500 per week it is doing just ‘ok’. At $20k it would be doing really very well. Get it back to where it was and you will have tripled your investment!!
The café is capable of doing much more business and so there is most certainly an ‘upside’ for a good operator. There is significant capital gain to be made here.
Asking $395,000 plus stock
Reference: EL01532
*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.