Lonestar Botany a top performer
The 225-seat restaurant benefits from being opposite Hoyts Movie theatre at Botany Town Centre. Photo / Supplied
Lonestar Botany, which is described by brokers as the franchise restaurant chain’s No 1 performer in Auckland, is now for sale as a business within leased premises.
ABC business sales broker Mark Ansley says the operation located in the Botany Town Centre has been highly profitable.
In the six months to December 31 last year, the 225-seat restaurant made a profit of $183,000, he says.
“This business, designed by Nott Architects, has racked up 18 months successful trading, capitalising on efficiencies of having both a highly trained team plus a state-of-the-art kitchen.
“It’s a superb business and one set up for continued growth over many years to come.”
Ansley points out that being situated in the heart of the Town Centre — just opposite the Hoyts Movie theatre — the eatery has the advantage of servicing a high-growth population, in a catchment including East Tamaki, Flat Bush, Pakuranga, Howick, Beachlands and Maraetai.
“Botany is the main shopping and entertainment hub for this region and is constantly improving; its current $78 million revamp set to be completed by May 2019.
“Major international fashion-retail brands already committed to the town centre are likely to increase activity at New Zealand’s second-largest shopping complex.
The business has both a highly trained team and a state-of-the-art kitchen. Photo / Supplied
“Several special housing areas and future residential growth areas surrounding the centre are being fast-tracked for development. So the redevelopment will cater to the needs of the growing population within the community.
“And according to AMP Capital, the Auckland Unitary plan’s designation of Botany Town Centre as a Metropolitan zoned hub, is primed to accelerate expansion.”
Ansley says advantages of purchasing a proven franchise operation in such a fast-growing part of Auckland are already well understood in the business world.
“Sometimes described as the ‘art of going into business for yourself but not by yourself’, franchising means there is a continuing business relationship between the franchisee and franchisor,” he says.
“This business would benefit from an owner who is wanting to lead from the top. Someone with good organisational management skills from either a corporate or hospitality background should prosper greatly.
“And this business has a full team of experienced staff in place to keep the kitchen, floor and bar running smoothly - good people using thoroughly-tested systems.”
Ansley says the restaurant’s 10-year-lease has a further right of renewal of five years, while full financial records of the business are available upon request.