nzbizbuysell.co.nz/103220
Ad ID: 103220

Stunning Cafe Bar Combinations for Sale Invercargill

Auction House Cafe and Bar; Toasted

Location:
Asking:
$1,200,000
+ stock

Business for Sale Description

Stunning Cafe Bar Combinations for Sale Invercargill

These two businesses share the same site in Don St, and ownership - and have quickly become iconic within the Invercargill business district. Housed in the same premises as the Southland District Council the business is surrounded by commercial offices and generates its income from two beautifully appointed sites.

Business Highlights

Reasons why this business is a compelling proposition for an investor, owner-operator, or hospitality group includes:

• Likely EBPITD of $550-600k in 2022FY

• Growing sales, improving margins

• Established staff & effective management structure

• Comprehensive systems & processes

• Stunning & recently new fit outs

• Excellent plant & equipment

• Weekly sales average over $60k incl. GST

• Profitability ratio circa 20% of sales

• Long lasting lease options for this site

Business Resources

The owner has been in hospitality for a number of years and has now welcomed grandchildren into her life. Whilst her role and hours are not overly taxing, the time has come for her to complete a new home build project and provide more attention to immediate and wider family. A comprehensive transfer period is offered, if required, albeit the business is largely operationally managed by its various department heads (kitchen, front of house etc.)

Sale Price $1,200,000 + stock

EBPITD $554,258


CHCH 100821

For more info
Contact: Kevin Peterson

Kevin Peterson

Kevin Peterson
021 955 834
Tabak Business Sales (Otago)
Licensed REAA 2008

Interested In This Opportunity?

Email to a friend / myself

 

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