Local icon Cafe/Restaurant For Sale
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About this business for saleLocal icon Cafe/Restaurant For Sale
Sale for a bargain, the price is under Chattel Value.
The vendor from Wellington City has owned the business from September 2016 as an investment for a family member to manage. From the start, the business has always performed favorably, hence the vendor reluctance to part from it. Unfortunately, they are not interested in living there, and the vendor has two other businesses to look after in Wellington, so would like to sell the business.
Nearby is an events centre which holds approximately 10 big events per year. This events centre holds a partnership with the cafe adding additional revenue with a small rental charge.
This cafe restaurant is open 7 days a week, from 8am - late for breakfast, lunch and dinner.
The business is totally run by staff, weekly revenue between $16,000 to $18,000 with rent of only $48,000 a year. It doesn’t take much to see that this could be a hidden gold mine for a couple or partnership if they minimised running costs and maximised its full potential. In the right hands this business should increase profit and turnover substantially.
There is scope to make the business even more profitable by being a hands-on owner-operator.
*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.