East Auckland Eatery Profits over $400K

Auckland City

$1,350,000

Proposed Usage
Other Businesses for Sale
Description:
Property ID
1c1ffrs

Semi-managed profits over $400k! Its not often a business this profitable and well organised comes to market.

The Porterhouse Grill is strongly supported by a local, loyal following of customers, this is supported by strong bankable consistent financials.

The current owner has no fixed role in the business, making this an opportunity for an investor or working owner looking for a great return on a profitable well established restaurant/bar.

Business Highlights:

- Strong, consistent weekly sales currently averaging $37k+
- Great rent for a premium site coming in at 6% of sales, with the safety of a long lease in place
- Consistent sales and profit since its conception in 2013
- Running well under semi-management, the current owner is able to work on the business
- Showing a semi-managed return of 30% or 40% return to a working owner
- A new premium residential development within walking distance, set for completion 2018, which will potentially bring 100's more customers right to your door!

A beautiful, modern contemporary fit out, a state of the art kitchen and a warm and cosy atmosphere.

The vendor uses only the freshest produce and ingredients (farm to table), which has been a big part of the success.

This semi-managed business has staff that are friendly, competent and professional. With 516m2 of floor space there is plenty of options for functions.

Price $1,350,000 + estimated stock value $15,000

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