ABC Business Sales – Edinburgh StreetOn March 4, 2020 by Raul Dinwiddie
If you’re looking for a fully managed
bar returning a very stable three hundred and fifty thousand dollar cash
surplus this is the one, Ed Street Pukekohe. Located in the old
Pukekohe fire station which was built in 1924, the current owners have well and
truly restored this old site to its former glory and is now one of Pukekohe’s best venues. A great tribute to the heritage of this Pukekohe icon.
Ed Street has eighteen gaming machines, eighteen on-site car parks and a
stunning room for functions on the second floor. The business has an
incredible three-year weighted EBITDA of three hundred and fifty four thousand
dollars and the turnover is an impressive fifty thousand dollars per
week in sales. The rent to turnover ratio is just eight percent and gross profit
sits at a very nice 69%. All contributing towards very clean bank-friendly
financials. There is nothing to fault on this business, it has a huge capacity for
punters and an excellent team of staff. Be a part of the Pukekohe boom and get
in touch with Brock Sibbick and James Sheppard from the ABC Hospo team.
ABC Business Sales, will take you there.