Ad ID: 95071

Deli and Food Business for Sale Auckland

Essential City Fringe Deli/Food Store, Profitable


Business for Sale Description

Deli and Food Business for Sale Auckland

This deli was classified as an essential service by MBIE under level 4 because of its frozen prepared meal service.

The truth however is that this cafe has been an essential service in its area for the last 23 years. The current owners who have the cafe run under management are now ready to retire.

Sales in the 2020 financial year were $960,000 plus GST. With strong gross margins the profits for the business under management were in excess of $90,000. The current owners have no day to day role in the business and just keep things managed at arms length operationally. There is the option for a new owner to increase their presence by becoming a working owner in the business to improve margins and staffing hours. The owner believes that this will increase the owners surplus.

The current owners have built up a significant database of clients that a new owner can use to develop the menus and business to drive further sales growth.

Despite Covid-19, sales have grown year on year with strong demand for prepared meals during level 4 with strong demand across all parts of the business.

The business is located in an affluent and established Auckland neighbourhood, and its historical durability illustrates a proven resistance.

Confidentiality is important to the owner who is prepared to offer a complete handover and training period to committed buyers.

Price: $420,000 plus stock at value

Please contact Jeremy on 02108852957 for more information.

Property Code: 10139

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Contact: Jeremy Medlin

Jeremy Medlin

Jeremy Medlin
02108852957 or 09 630 9491
Clyth MacLeod Business Sales
Licensed REAA 2008
Broker Ref: clythmacleod_73_19