Street Food Superstar! $45,000 Per Week!!

Auckland City

$1,350,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1c3c57s



This is a fun one! Just such a cool place and a huge social media hit!

The food is simple, fun and spectacularly good. I am a fan, for sure!

Whilst the owner certainly oversees the business he doesn't work on the roster and there is a fabulous staff contingent in place.

It is open for dinner all week and just open for lunch in the weekend. It's a no bookings kind of place because it doesn't need to be!

Costs are well controlled and all systems are nicely in place.

I sold the owner's previous business to someone with no hospitality experience. They have gone on to increase sales and profitability! This is testament to the strength of the product and the systems in place.

This place absolutely hums along! It does over $45,000 per week with no seasonality.$2.3m annual sales (inc GST)Rent is a ridiculously reasonable 2.94% of sales!!Great central suburb locationStrong lease in placeExcellent staff and operating systemsSimple food concept

This is a nice listing and I'm very proud to bring it to market for the first time. If you are after a fun Hospitality business that is a well oiled machine and enjoys consistent sales then this is one you need to look at.

A working owner here should look forward to a surplus close to $400,000 per annum.

Even as a managed business with an EBIT of $325,000 this represents around 25% Return on Investment.

Reference: EL01752
Ref: EL01752
Timestamp: 20181120054519

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