Established Italian, City Fringe

Auckland City

$229,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1c6l432

The owner of this established Italian Restaurant has been running the business successfully for the last 11 years. We are looking for a food operator to take over and continue to build on the good will that the business has built up over the years.

The city fringe location is popular with locals and tourists alike. We expect that current and future development in the area will provide an extra boost to sales for the new owner.

With nearly 70 seats inside and approximately 30 outside there is plenty of opportunity for new development. The current owner has been focusing his attention on other projects over the last couple of years and only works in the business part time. Despite this the business is returning sales that have averaged between $12,000 and $12,500 per week inc GST. The best thing is that the rent is only $41,500 per year + GST. This means that the rent is only 7.4% of sales.

With these metrics and 4 existing full time staff you can takeover tomorrow and work on taking things to the next level.

Contact Jeremy on 021 088 52957 for more information.

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