Ad ID: 69965 Inactive

Restaurant and Cafe for Sale Auckland CBD + 3 other CBD locations

Indochine Kitchen (Auck CBD) - Fully Managed Profits

+ Stock of $10,000

Business for Sale Description

Restaurant and Cafe for Sale Auckland CBD + 3 other CBD locations

Average Weekly Sales = $19,887 (GST Incl) 

Annual Rental = $88,409 (including all Express sites) (GST Excl) 

Rent to Turnover Ratio: 9.8%

A short stroll from the busy precinct of Britomart is a fresh, free range, authentic northern Hanoi street style restaurant. 

Indochine kitchen’s excellent cocktails, amazing ph?, bánh mì (Vietnamese style baguette) and fresh local ingredients and we are only touching the surface. Indochine buzzes at night and during the day with 3 external locations servicing Auckland University, AUT University and High Street branded as “Indochine Express”. 

These outlets are great sources for maximising turnover and utilising ingredients to keep them fresh. the produce for the Express locations is sourced from the main kitchen to reduce wastage while promoting Indochine’s brand throughout Auckland.

Business Highlights 

- Strong weekly sales average of $20,000+ (GST incl) 

- Annual Profit: $129,000 Fully managed ($174,000 to 1x Working owner) 

- 3 new "express" locations added in the last 12 months. Plans to add more 

- New event catering / event food caravan added in the last 6 months, contracted out for next year. 

- Seats 70 people 

- Fully Managed 

- Clean 'bank friendly' Financials 

Current wage costs are high at over 37.66% , this leaves massive opportunity for a sharp operator to add a further $45,000 to $60,000 to an already substantial bottom line. 

Have you been here before?. Give Sterling Arnet the hospitality specialist a call today for more info.

Asking Price: $320,000 + Stock of $10,000

Agency reference #: KA1547

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