Fabulous Neighbourhood Restaurant. Almost ...

Auckland City

$1,330,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1c3t3h4

Fabulous Neighbourhood Restaurant. Almost $500k Profit!



Open just 30 hours a week this wonderful business performs well above and beyond the "norm'.

It is a business I know very well as I sold it to the current owners and it just keeps on performing. The owners, by the way, had no restaurant experience before buying this!

It enjoys sales of around $35,000 per week and, with all costs nicely controlled, is on track to return well over $400,000 by the end of the Financial Year. Last FY it achieved $380,000 and so it is growing nicely.

The fit out, like the food, is simple but of high quality. Everything is meticulously maintained and there is a strong lease in place. It has seating for around 80 both inside and out.Weekly sales of around $35,000 per week (inc GST)Rent of around 5% of salesJust 30 hours a week of operation!! That's just 6 nights!Well established and a proven performerHeading towards $500,000 surplus this year

I have sold many a hospitality business that have had double these opening hours, double the staff and double this turnover with far less profit than this gem achieves!

This is a business that is so nicely set up and ready for action that someone really can just walk in and start earning. The current owners have proven that you do not need experience to be successful here. You do need a passion for people, the ability to keep a team motivated, and a desire to keep offering great food and great service.

The current owners will give full training and support.

Asking $1.33m plus stock

Reference: EL01837
Ref: EL01837
Timestamp: 20190121054525

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