nzbizbuysell.co.nz/100708
Ad ID: 100708

Cafe and Restaurant for Sale Auckland

Main Road, Popular Café Restaurant and Bar with Stunning Fit Out!

Location:
Asking:
$550,000

Business for Sale Description

Cafe and Restaurant for Sale Auckland

Exceptionally strong Auckland suburb location for 15 years, very well-known Cafe, Restaurant and Bar. Anyone new can immediately take advantage of the enormous presence developed over the past few years. The Café/Restaurant enjoys A Grade certificate from the Council until May 2022. It has had very consistent sales throughout the year as it attracts local residents, office crowds and it is located in the high-foot traffic location of the suburb.

The owner has done a fabulous job in building this business during PRE and POST COVID-19. The business enjoys excellent reviews, Facebook 5/5, Zomato 4/5, First Table 8.2/10 and Google 4/5. Heaps of repeat and regular custom both from locals and visitors to the area.

The fit-out is of an extremely high standard and the premise has a huge kitchen and sitting space, and all the equipment and furniture are owned and are in excellent condition.

The Financial Accounts are in good order and the business enjoys sales of over $18,500 per week (including GST) and a working owner would enjoy a surplus of around $190,000 per annum. The business is yet to reach its full potential and there is another lucrative revenue stream (catering and functions) that has not been attacked at all. There is certainly an upside here if you would like to grow it further.

• Currently, the business is fully managed

• Rent of under 11% of sales

• Exceptionally strong lease and strong landlord’s support during COVID-19 lockdown

• Highly desirable location

• Strong staff and management

• Massive commercial kitchen

• Very real growth potential

• Good End of Year Accounts

Asking Price $525,000 plus stock

To find out more, go to linkbusiness.co.nz/EL03090 and press the “Enquire Now” button to complete an online confidentiality agreement.

Rafiq Bhamani, 021 129 1916, rafiq.bhamani@linkbusiness.co.nz

***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business.

#auckland #cafe #hospitality

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For more info
Contact: Rafiq Bhamani

Rafiq Bhamani

021 129 1916
Anytime
Link Business (Ellerslie)
Licensed REAA 2008
Broker Ref: EL03090

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