Restaurant and Accommodation - $248k Cash Surplus

Waiheke Island

$980,000

Proposed Usage
Other Businesses for Sale
Description:
Property ID
1c76kl2

2019 Financial Year Turnover $2,833,791
2019 Net Profit $181,026
2019 EBITDA $248,000

The Oyster Inn - Located on the beautiful Waiheke Island.

This could be one of the best business buys on the market! The astute hospitality operator or business-minded individual will recognise the expense savings in the profit and loss statement almost instantaneously. The business has impressive weekly sales at $62,000 (incl. GST), and an extremely healthy Gross Margin at 71%.

There is genuine opportunity to further grow the accommodation element of this business as well, as there are plans in place to add a further 6 rooms to the existing 3. Potentially tripling the accommodation revenue to near $1,000,000 p.a for the total accommodation revenue.

The Oyster Inn Highlights:

-Big average weekly sales
-Rent to turnover ratio just 5%
-Multiple revenue streams 71% Gross Profit
-Huge potential for a working owner

Make no mistake this is no island sleeper, the turnover rivals most Auckland City restaurants! Call Brock Sibbick today and book a trip to Waiheke to view this exceptional opportunity - 021 181 5457.

Priced to sell at $980,000 + stock

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