Link Business
*** SOLD ***

Simply the best deal in Wellington—An Iconic restaurant with excellent returns!

Listing: #WL00504
price

$395,000

Profit

$250,000

sales

$1,400,000

industry

Wellington Central

Industry

Restaurant



About this Business for sale in Wellington Central

Simply the best deal in Wellington—An Iconic restaurant with excellent returns!

Everybody loves hanging at Sweet Mother’s Kitchen with its unique and cosy vibe.

This restaurant draws from the influences of New Orleans cuisine, serving up food that is good for the soul. Located in the heart of the Wellington entertainment scene, it’s a place people know and love for iconic favourites like snickers milkshakes, curly fries, gumbo, jambalaya, and key lime pie.

Sweet Mother’s has thrived in Wellington for 17 years as a must-visit destination with its relaxing atmosphere and delicious comfort food. It has a great amount of foot traffic and is the perfect spot to grab a drink and bite to eat before the theatre or enjoy brunch with friends on the weekend.

It’s one of the few places in the city where you can dine on the street all year round. By day you can enjoy a margarita with a po boy in the summer sun and by night you can snuggle up under the heaters with a coffee and some beignets. With a liquor licence from 8am-2am, Sweet Mothers can serve local beers and signature cocktails all day long.

The restaurant currently seats 63. A new owner can look forward to expanding the outdoor seating area in future through the Let’s Get Wellington Moving initiative to bring more street dining to Courtenay Place.

The business is well established with comprehensive systems and processes in place. A new owner can choose to be hands-on in day-to-day running of the business or remotely oversee operations using real time hospitality management software.

For the first time in its existence of 17 years, this excellent business is now up for grabs as the owner is relocating.

Business highlights:

  • Iconic Wellington restaurant
  • Eclectic and relaxing atmosphere
  • All day dining inspired by New Orleans cuisine
  • Ranked in top 10% of Wellington restaurants on Trip Advisor
  • Excellent investment - Sales of $26 k p/w, profit of $250 k p.a., ROI of 60%!
  • Loyal local following
  • 3 year lease + 2 renewals of 3 years
  • Prime CBD location with future potential for growth
  • Well established business operating systems in place
  • Potential to run business remotely or take hands on approach
  • Great marketing and engagement through website and social media presence
  • Motivated Seller - Seller relocating up North

The secret is in the financials - this is a super solid business with clean financials and solid management systems in place, ready for you to step in and start earning. Whether you are a seasoned hospitality owner or an executive looking for an excellent return on investment, you don’t want to miss out on this gem!

The seller is open to offers, and for a fraction of its worth this excellent business could be yours.

Contact Christo Botes at 0220261062 to find out more.

 

 

To find out more, press the “Enquire Now” button to complete an online confidentiality agreement.

***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.

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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.