Café Bar Restaurant. $50k per week and ...

Auckland City

$1,600,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1c558ry

Café Bar Restaurant. $50k per week and $600,000 Profit!!



Cafe; Bar Restaurant. $50k per week and $600,000 Profit!!



This is an exceptionally well-priced Hospitality business that has enjoyed many years of solid success.

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 $1.6m plus stock

Reference: EL01878
Ref: EL01878
Timestamp: 20190521064527

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