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Cafe $600k EBITDA! Simply Stunning! Just $1.2m Plus Stock!
Listing: #EL04045
Nick Giles
Broker | Auckland - Ellerslie
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About this Business for sale in Auckland Surrounds
Cafe $600k EBITDA! Simply Stunning! Just $1.2m Plus Stock!Cafe $600k EBITDA! Simply Stunning! Just $1.2m Plus Stock!
Truly an intriguing and exceptionally good offer! Pay just $700k up front. Read on …..
This has to be of the nicest hospitality businesses in the Auckland Region. The business is fully managed and attracts a very loyal and large following.
Sales are a deeply impressive $49,500 per week and the MANAGED profit is $600,000 per annum! That is a whopping 50% ROI!
Everything about this place screams ‘quality’. There is one little hitch ….. there is an early termination clause in the lease! However – before you panic and stop reading we have a solution!
The likelihood of redevelopment is exceptionally low. However – it is in the lease. Even if the clause is triggered the Landlord must give 18 months’ notice. To counter this risk, The Vendor is willing to accept $700,000 (plus stock) on settlement and will LEND the remaining $500,000 to the Purchaser.
Every year that the clause is not triggered, $100k will be payable to the Vendor.
Given that, in ordinary circumstances this business would be listed at over $2m, this is an exceptional offer. Even at $2.4m that still would have represented a 25% ROI!
BUSINESS HIGHLIGHTS
- Sales of $49,500 per week
- Exceptionally low rent
- Highly impressive team of staff
- Owner ongoing consultancy (if needed)
- Beautiful place
- $600,000 managed profit.
You MUST have the ability to transact at the $1.2m mark as the Vendor will seek security over their loan to you.
If I had the money I would take this right now!
Contact me in confidence. This one cannot last very long, surely?!
Price firm at - $1.2m plus stock
Nick Giles, 021 676 832, nick.giles@linkbusiness.co.nz
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business.
#buybusiness #food #hospitality #auckland #cafe
*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.