$240k Net Surplus - Operating Only 5 Days a Week
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The Courtyard's meteoric rise to the top of Waiheke's dining scene has been truly spectacular. Widely regarded as the locals favourite secret dining spot, The Courtyard is known to have the best food on the island by those "in the know."
Serving up cocktails, spritz's, and interesting wines from around the world, mixed with the casual and laid back setting has contributed to its popularity as a drinking destination.
Sales of $31,000+ per week this Xmas period demonstrate that The Courtyard is a major hospitality force to be reckoned with. Incorporating a modern kitchen with large walk-in chiller, an intimate but perfectly formed dining room with a contemporary bar area, a sunny courtyard with a separate cocktail cabana for extended drinks service in the busy summer months, this bar and restaurant will tick all of the boxes for discerning hospitality professionals.
2018 accounts show profits to a working owner of $240,000 this equates to an 81% return on investment for an incoming purchaser. Rent at only 6.5% makes this business one of the most profitable on the market in Auckland at the moment.
Known as Auckland's 'jewel in the crown' Waiheke is a haven of beautiful beaches, vineyards and olive groves only 35 minutes by fast ferry from Downtown Auckland. It boasts two well regarded primary schools and a large high school.
Tourism has exploded over the last 10 years with visitor numbers reaching a peak in the summer months but also increase steadily over the winter months when accommodation prices come down attracting many local and Australian tourists. However, The Courtyard has a steady all year round trade as the main business strategy is to cater for the locals, and the locals make up the majority of its custom.
Give Dayne a call on 027 501 6207 today to discuss this fantastic lifestyle business.