Listing #:4756152147
Great Eatery. $19k PW. 182k Profit. $350k!!
| Location: | Auckland City, Auckland |
|---|
I have just reduced the price by $100,000! This is superb buying!
What a fantastic ‘neighbourhood’ restaurant! This place sits in the heart of one of Auckland’s best dining areas where the locals rarely feel the pinch of hard economic times and where eating out is a must!
It is a cosy and inviting place where locals meet for a glass of wine and regulars come for the fantastic Mediterranean food. Whilst the place has a strong nod towards Italian cuisine, the menu encompasses most of the Mediterranean area.
This restaurant has a fantastic wood fired oven PLUS a takeaway window just off the kitchen that is SO useful when the restaurant is humming.
This is simple stuff but done superbly well! The business is open relatively short hours; 6 nights and 2 lunches per week. There is scope, of course, to extend these hours but this is how the current owner likes to balance his life.
This is a beautifully presented business. It’s smart without being too smart. It’s casual but with an air of sophistication. There is seating for 42 inside and 6 tables outside seat a further 18.
BUSINESS HIGHLIGHTS
• Sales are just under $19,000 per week (inc GST)
• A working owner will make a surplus of around $182,000 on current trading.
• Strong lease in place
• Food and Wage costs are well controlled
• Premium location in a premium suburb
• Relatively short trading hours
• Genuine growth potential
WHO WOULD THIS SUIT?
You will probably be someone with excellent customer service skills and some strong business experience. It is not essential that you have hospitality experience but that would certainly be an asset. There is a strong team in the kitchen and capable FOH staff. A husband-and-wife team would do exceptionally well here.
PRICE
This is crazy good money for this type of business. This is UNDER 2x the profit!! Everything here is neat and tidy and no fishhooks in the lease. This is good buying!
Asking $350,000 plus stock
Nick Giles, 021 676 832, nick.giles@linkbusiness.co.nz
Agency reference #: EL04439
What a fantastic ‘neighbourhood’ restaurant! This place sits in the heart of one of Auckland’s best dining areas where the locals rarely feel the pinch of hard economic times and where eating out is a must!
It is a cosy and inviting place where locals meet for a glass of wine and regulars come for the fantastic Mediterranean food. Whilst the place has a strong nod towards Italian cuisine, the menu encompasses most of the Mediterranean area.
This restaurant has a fantastic wood fired oven PLUS a takeaway window just off the kitchen that is SO useful when the restaurant is humming.
This is simple stuff but done superbly well! The business is open relatively short hours; 6 nights and 2 lunches per week. There is scope, of course, to extend these hours but this is how the current owner likes to balance his life.
This is a beautifully presented business. It’s smart without being too smart. It’s casual but with an air of sophistication. There is seating for 42 inside and 6 tables outside seat a further 18.
BUSINESS HIGHLIGHTS
• Sales are just under $19,000 per week (inc GST)
• A working owner will make a surplus of around $182,000 on current trading.
• Strong lease in place
• Food and Wage costs are well controlled
• Premium location in a premium suburb
• Relatively short trading hours
• Genuine growth potential
WHO WOULD THIS SUIT?
You will probably be someone with excellent customer service skills and some strong business experience. It is not essential that you have hospitality experience but that would certainly be an asset. There is a strong team in the kitchen and capable FOH staff. A husband-and-wife team would do exceptionally well here.
PRICE
This is crazy good money for this type of business. This is UNDER 2x the profit!! Everything here is neat and tidy and no fishhooks in the lease. This is good buying!
Asking $350,000 plus stock
Nick Giles, 021 676 832, nick.giles@linkbusiness.co.nz
Agency reference #: EL04439
Business buyer’s checklist
Asking price: $350,000
Listed: Tue 11 Jun, 5:13 pm
Nick Giles
Link Business Broking Ltd
-
Contact details
- (09) 5556039
- (021) 676832
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Agent's details
Nick Giles
- (09) 5556039
- (021) 676832
Link Business Broking Ltd
(09) 5799226
Expires: Tue 6 Aug, 5:13 pm
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