I am super excited to bring this business to the market. Sometimes you just come across a business that ticks all the boxes and this is one of them.
The cafe is located in one of the top suburbs in Auckland, where hospitality spots are tightly held. Very little competition!
Since opening, this business has had consistent growth and has weekly sales of around $30,000 (incl. GST). It also has an incredibly low rental of just $722 (excl. GST) per week, industry-standard costs of goods (33%) and wage costs (fully managed at 39%). With all that, you know this place has a healthy bottom line!
It is fully managed as the vendors own multiple establishments, so efficient systems are in place for an experienced or non-experienced purchaser to take over.
A full-time working owner can look forward to a cash surplus of around $350,000 per annum.
Operating just 6 days and 5 nights, you could extend the operating hours to increase sales and profitability.
Location is so important in the hospitality industry, and you won't be disappointed when you find out where this one is!
Business highlights:
- Average Weekly Sales of around $30,000 (incl. GST)
- COGS at 33%
- Fully Managed Wages at 39%
- Incredibly low annual rent of $37,576 (excl. GST)
- Liquor License
- Top Suburban Suburb
Contact Jeff Wiley on 021 555 384.
Asking Price $895,000 plus stock
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