Cafe (Licensed)
SOLD: West Auck Cafe: 2% Rent to Turnover Ratio
Turnover to Rent Ratio = 2.05%
Address Address available on application
Location Nationwide,Auckland
Sales Available on Application
Asking Price 830,000 + Stock of $10,000
Listing ID KA1519
How many cafes do you know that pay the years rent in just one week of turnover?
Annual Rental = $23,100 (GST Excl)
Turnover to Rent Ratio = 2.05%
This cash cow cafe cafe is a Unicorn that has run under management for many years. A West Auckland institution, a place where friends, work colleagues and friendly locals congregate for their daily caffeine hit with smashing breakfast and lunch options.
Business Highlights
- Strong weekly sales average
- Long and secure lease through to 2032
- Weekly coffee sales average of 35KG
- Running under full management
- Clean 'bank friendly' Financials
- Open 6 days
Current wage costs are high at over 36% and COG's above 33%, this leaves massive opportunity for a sharp operator to add to an already substantial bottom line.
Businesses like this very rarely hit the market. Want to find out more? Give James Ashwin the hospitality specialist a call today to discuss.
Asking Price: $830,000 + Stock of $10,000
Agency Reference: KA1519
