$240k Net Surplus - Operating Only 5 Days a Week

Waiheke Island

$295,000

Proposed Usage
Other Businesses for Sale
Description:
Property ID
1c4g8yg

Widely regarded as the locals favourite secret dining spot, this restaurant is known to have the areas best food 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 over the summer period demonstrate that this restaurant 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 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.

Located in a major tourist hotspot this business really has no downside that we can see.

If you are a chef, FOH superstar or other hospo pro wanting your own highly profitable business give Brock a call on 021 181 5457 today to discuss this fantastic lifestyle business.

Price $295,000

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