Opportunity Ahead. Profitable Kebab Business



Proposed Usage
Tourism & Hospitality
Property ID

This busy and long established Kebab restaurant is 240 meters squared and located on a Busy Road in Palmerston North . It has been under the same ownership for 8 months but has been operating for over 10 years. The business operates as a traditional Kebab restaurant. It holds traditional events such as belly dancer nights. This is a great opportunity to get into a hospitality business. The current owner is a busy other business commitments, he bought this restaurant to provide job opportunities for his relatives but they no longer need this.
Asking Price - $325k
Potential vendor finance with an initial payment of $150k ("subject-to" offers) .
Average Weekly Turn over approx.. $14,000 inc gst
Rent: $2,916 plus GST per month
Key Features:

Great location on a busy road.Big dining area.Growth opportunity.Genuine reason for sale.Long lease.

Opening Hours 11am-9pm.
Owner's semi-managed net Profit is over $100k.

There is an opportunity to make over $200k net profit for a working couple.

Please contact:

Serdar Kabul, DDI: (09) 394 0574 (OR) MOB: 021 188 6144


Reference: EL01954
Ref: EL01954
Timestamp: 20190319054517

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