Fabulous Café Bar Restaurant. Sales $2.5m. ...

Auckland City

$1,900,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1c45n5l

Fabulous Café Bar Restaurant. Sales $2.5m. Profit $600k





Fabulous Cafe; Bar Restaurant. Sales $2.5m. Profit $600k

We have just realigned the price of this one and so the asking price is bang on the money at $1.9m plus stock

This is an exceptional North Shore business that has been owned by the same people for over 10 years now.

Sales average just under $50,000 per week (inc GST) and it this super-solid business is easily the best performing in this suburb.

Food costs run bang on target at 30% and wages are controlled nicely just under 30%.

The fit out is of a very high quality and there is an exceptionally strong lease in place. Sales of $50,000 per week Profits over $600k per annum Rent around 7% of sales Good food & beverage mix Great staff and tight systems



The owner does work in the business and there is a good team of staff in place. A new owner will be given full training and support.

After 10 years a move overseas is on the cards for the owner and so they offer this cracker for sale somewhat reluctantly.

Asking $1.9m plus stock

Reference: EL01878
Ref: EL01878
Timestamp: 20190219054527

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