2019 Financial Year Sales: $1,026,639 (excluding GST)
Rent to Turnover Ratio: 7.8%
Wages to Turnover Ratio: 43%
This cafe has a strong weekly turnover averaging $22,000 (incl. GST) per week and the annual rent is great, being only 7.8% of turnover. Two key factors that lay a strong foundation for the site moving forward, with plenty to build on.
As this cafe is fully managed the wage costs are on the high side of the scale at 43% of turnover, this presents a great opportunity for a working owner to step in and readjust to the industry standard of 30 - 32% of turnover and potentially add a further $136,141 to the bottom line.
-Fully Managed Net Profit $41,739
-Secure Lease Until 2031
-Fringe Auckland CBD Suburb Location
This cafe presents great buying at just $310,000 + stock and with genuine potential in adding further value, its an absolute steal.
Call Brock Sibbick for further details on - 021 181 5457.
Price $310,000 + estimated stock value $15,000