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Pretty rare to have a group for sale like this. These are 4 very well-known and respected restaurants.
They are all located in premium central Auckland locations and are all extremely well established.
Restaurant 1 sales around $1,700,000
Restaurant 2 sales around $1,300,000
Restaurant 3 sales around $1,200,000
Restaurant 4 sales around $450,000
All 4 have different brands but share a common theme. There is a small degree of sharing between them but, for the most part, the operations run independently of each other.
There is a central administrative function with one employee overseeing the accounting and reporting side of things.High profile locationsVery well-knownLong historyGood leases in placeStrong and capable staff
The normalised EBITDA is $683,000 after having paid the owner $100,000 (or a General Manager if you choose). This represents a healthy 27% Return in Investment. The SURPLUS to a working owner, then, is $783,000.
The owners are willing to ensure a smooth transition and give lots of training and support. They are selling as they have other interests both in NZ and overseas.
This opportunity would suit someone with entrepreneurial flair and good business acumen. Whilst experience would help, you needn't be from the Hospitality Industry but you should be someone who thrives on running a larger organisation and has excellent staff management and business management skills.
It may be that another group may be interested to boost both top and bottom lines and add to that all important buying power.
Asking $2.49m plus stock
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