Ad ID: 52913

Restaurant for Sale North Shore

Restaurant. Profits Over $335k. Asking Just $895k!

Business Description

Restaurant for Sale North Shore

Of all the businesses I have sold over the last 7+ years ... this gives by far the most bang for your buck and should not be overlooked!

This a very well-run and extremely profitable local North Shore restaurant. The fantastic thing is that it is open just 6 nights per week! Better still, even during those 6 nights it only operates for 5 hours! It is also closed for over 3 weeks at Christmas! So, just to recap on the maths … that’s 30 hours of trading per week for 48 weeks of the year!

Average sales are in excess of $26,000 per week and an owner operator should earn in excess of $335,000 per annum. Not at all bad! That’s over 41% Return on Investment. Even if you had a Manager completely running the show for you and paid them a massive $85,000 a year the remaining managed profit would still represent around 32% ROI.

This place has been really steady under the same owners for over 5 years. All systems are in place and the staff are solid. The main Chef has been there over 5 years.

Why look at this over a café? Simple really. Read the figures again! Over $375k for 30 hours of work with average spend per head approaching $100. How many hours and how many transactions does a café need to do to reach $26,000 per week? The answer is an awful lot!

This really is sensible buying. It is a great restaurant with a cuisine that is easily accessible to a wide variety of customers. The place enjoys huge amounts of repeat business. If you want to increase the business just open that 7th night and even for lunch!

• Easy operation with very short hours!
• Excellent reputation in this classy North Shore suburb
• Great training on offer – Experience not essential here
• Loyal and strong staff
• Huge profit for just 30 hours of trading
• Want more profit? You can open longer if you like

Simply fantastic buying at $895,000 plus stock
Ref: 20440
Timestamp: 20170209054521

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