This is a superb café in a high-profile location with heaps of parking.
The fit out is of a very high standard and the depreciated asset value is still above the asking price!! The café enjoys sales of $22,400 per week and is growing. There is fantastic outdoor seating area and this is due to be covered this year (by the Landlord) which should significantly add to sales.
This cafe is fully managed. The owner does not work here at all. There is a great team of staff in place and the business runs really efficiently. Food costs run at 31% and wage costs are well controlled.
BUSINESS HIGHLIGHTS
* $22k per week in sales
* $160,000+ profit to a working owner
* High profile location
* Heaps of parking
* Long lease
* Beautifully presented
* Seating inside and out
* Currently fully managed
This is selling well below fit out costs and an owner operator should be able to grow business here nicely as the location develops even further. There is REAL opportunity for capital gain here if you get it right!
Cafes are selling fast so don't miss out on this one. Quite rare to have East Auckland cafes and this one is a great choice.
Asking price $450,000 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.
#buybusiness #hospitality #cafe #auckland #coffee #brunch #managed #profits
Ref: EL04166
Timestamp: 20240508051502
