Ad ID: 59114 Inactive

Restaurant and Bar for Sale Auckland City

Fancy a Passive Income of $778,000 per year?


Business for Sale Description

Restaurant and Bar for Sale Auckland City

When I say restaurant, I mean machine!! With over 17 years of history this is THE most stable that I have been involved in selling in the last 9 years.

Here are the sales for the last few years:

to 31 March 2017 $4,880,649 inc GST

to 31 March 2016 $4,798,689 inc GST

to 31 March 2015 $4,782,475 inc GST

This is a business that is 100% operationally managed. On top of that, there is another layer of (group) management that ensures the ship is rock steady.

This level of management will stay in place for the new owner via a management agreement. You can have as much or as little involvement as you wish.

$4.9m sales

26% Return on Investment

Extremely well controlled costs

Wonderful premises with high quality fit-out

Royalty Fee covers all operational management

Probably the steadiest hospitality business I have seen in terms of consistent sales

Managed profit of $778,000 per annum

This is a premium investment and would suit anyone looking for a passive investment; or anyone who would like to be more involved with the business, but have the security of knowing that a strong team is behind you.

Asking $2.95m plus stock

Reference: EL00461

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