Rare opportunity to acquire one of these. First time to market for 16 years!!
This restaurant is an absolute institution, and it has been absolutely humming on this prime Parnell corner site for 22 years. The current owners have been here for 16 of those years - that's how much they have loved owning it!
The sales are deeply impressive and average around$48,500 per week (inc GST) or $2.5m per annum. Most of the sale are dine-in, of course, but around $14k per week is ordered through Uber and other delivery channels.
There is seating here for 120 people and an impressive liquor license from 8am to 2am!
This is a fully managed operation. The owners do not work in the business at all. If you kept it like that, you could look forward to a Return on Investment of around 21% and, remember, this is one stable business! There is around $250,000 here as a surplus to a working owner.
FY24 Accounts show an EBITDA of $220k and a surplus of $310k. It is expected that the business, like most hospitality outlets, will return to these levels as we move through into 2025.
The Franchise company is great to work with and there will be strong training and support.
BUSINESS HIGHLIGHTS
* Rock solid business with impressive history
* Fully managed operation
* Huge weekly sales of $48,500
* Owner surplus of $250,000
* Strong lease in place
* Fabulous liquor license hours
* Real opportunity for growth
What's not to love about this opportunity? It's pizza & pasta and it's really busy and profitable! There's real opportunity to do more here as the owners are rarely involved. You could open for breakfast, but the real opportunity is in catering and functions with that LATE liquor license.
This is a business that should attract a lot of attention so do not miss out!Asking $769,000 plus stock
Nick Giles, 021 676 832, [email protected]
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business.
#franchise #restaurant #pizza #auckland#restaurant
Ref: EL04635
Timestamp: 20241112124503
