Cafe with Multiple Income Streams $297,000 Profit

Auckland City

$860,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1c63rbg



I have known this cafe; for many years and it is an extremely solid performer. The location is just beautiful and it enjoys a very high quality fit-out.

Occupancy costs are nicely under 10% here and it really does enjoy a monopoly position in this area with no chance of being built out!

The cafe; has the added bonus of attracting functions and private events and there is ample opportunity to grow this lucrative sector of the business. There are strong systems and procedures in place around functions and so this runs like clockwork.Sales in excess of $28,000 per weekA real opportunity to grow the very lucrative functions side of things.Very strong history here with a great staff in placeOccupancy costs around 7.2% of salesStunning environmentStrong lease and good LandlordNice accounts - bank friendly

If you have a passion for hospitality and perhaps some experience on the events or functions side of things this could be the perfect solution for you. This is a premium business in a premium Central Auckland location

Exceptional business and fantastic buying at $860,000 plus stock

Reference: EL00222

Sarah Stratford

021 479 549

DISCLAIMER

Note: Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business. Please contact the broker for further details.
Ref: EL00222
Timestamp: 20191119054558

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