European Style Restaurant for Sale Coromandel

Description

Business type: restaurant

Location: Whitianga, New Zealand

Position: waterfront

Asking price: $198,000 plus stock at valuation

Trading

Weekly sales: approximately $12,000

Trading days: Tuesday to Sunday

Winter hours: 5:00pm to 9:00pm

Current service: dinner only

Financial performance

Managed profit before depreciation: $105,172 per year

Operations

Management: fully staff run

Owner location: overseas

Equipment ownership: fully owned

Premises

Indoor seating: up to 100

Outdoor seating: 20

Glass frontage: in place

Fit-out: high-end

Kitchen

• Full commercial kitchen
• Walk-in cool room
• Freezer
• Quality kitchen equipment

Lease

Weekly rent: $995 excluding GST

Lease: secure

Growth

• Add breakfast service
• Add lunch service
• Increase use of the waterfront location during daytime hours