Everyone likes a burger, right? The customer online reviews for this business are just spectacular with a number of people saying that they have eaten their ‘best burger ever’ here which is some statement!
Too Fat Buns has become an institution on Waiheke Island. The business is being sold by Nick Giles of LINK Business Broking and who says “The business was set up just over 4 years ago in the centre of Oneroa by owners Remy & Pounamu and it’s grown in to a nice little business that runs superbly and offers the owners an enviable lifestyle”.
Too Fat Buns serves a great selection of gourmet burgers to satisfy a wide demographic with such as their ‘Vegan’ and ‘Vegetarian’ Buns, the requisite chicken and fish offerings and, of course, their super popular “Man Bun” made with their signature house made beef patty.
This is a small set up but it punches WAY above its weight. Giles says: “You don’t need massive premises to produce what owner Remy & Pounamu turn out and 99% of the business is takeaway. The advantage of small premises, of course, is small rent and the rent here sits just above 6% of turnover”.
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Sales are solid and lock downs don’t really affect things with the business trading well through Level 3. The bounce-back after lock down has been near instant.
The business enjoys weekly sales of around $11,000 (inc GST) and costs are well controlled here. Wages, as you would expect, are lower than for other hospitality businesses at 27% of sales for staff (when one working owner is present in the business).
“A working owner would enjoy $135,000 as a surplus here on current trading and it would also suit a couple down to the ground!” Nick says.
“There is real opportunity for growth here. The business, at present, does not offer deliveries which would certainly be a hit on the Island. More effort could also be put in to marketing, especially on social media platforms”.
This is a simple operation with not many moving parts. The owners are willing to ensure a smooth transition to a new owner. You may already live on the Island or may be tempted to move for that stunning lifestyle opportunity. The business is for sale for $289,000 plus stock. Contact Nick Giles on 021676832 or [email protected]
