Profitable Suburban Family Restaurant
About this business for saleProfitable Suburban Family Restaurant
This restaurant is iconic in its neighbourhood and has a very long and strong history of serving simple, but quality food.
It is an easy format and open just 35 hours per week! Sales are consistent and a full time working owners should make around $350,000 surplus here.
Critically, the customers do not associate the business entirely with owner. Most don’t know he is the owner and he works just 2 nights a week.
- Strong sales
- Rent under 5% of turnover
- High margin menu
- Just 35 hours a week
- Customers go for the place not for the owner
- Very long serving and loyal staff.
Asking $1.25M plus stock
+64 9 555 6039
+64 21 676 832
*Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.