Stunning Restaurant Bar. Incredible Fit-Out!

Auckland City

$825,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1bz8swl



Located in a prime location in this important residential suburb

With sales in excess of $30,000 per week which are very much growing by the week, this is a fantastic opportunity to buy this incredibly well appointed restaurant, cafe and bar.

The restaurant has seating inside for over 120 in a variety of different areas plus another 40 plus covered outside seating out front.

No expense has been spared here and the value of the fit out well exceeds the asking price!

Costs are well controlled with cost of sales running at around 28%, there is a strong lease in

place and rent around 7% of sales. Truly high end fit-out Amazing kitchen and separate wood fired pizza kitchen Well controlled costs Sales on the increase Solid lease and good rent

Based on the cost structure of this place, a working owner should be able to enjoy a surplus based on last year's sales of $300,000 plus.

The owner has set an extremely realistic asking price of $825,000 plus stock. This is a good one so don't miss out on this opportunity.

Asking $825,000 plus stock

Reference: EL00884
Ref: EL00884
Timestamp: 20171120054524

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