Opportunities

Return to all opportunities

Cafe / Deli "Cash Cow" Southland

Cash Cow

$440,000 - Lower South Island

#190318

detail

This very established Café / Deli with a strong loyal customer base and reputation is on the market for the first time since it was established some 15 years ago. The café comes with a full kitchen and can seat up to 90 people, with an average weekly turnover of nearly $18k including GST.

Business Strengths:

  • Strong growth and profitability (sales up 30% in last three years)
  • Strong local reputation
  • Excellent location and fit out
  • Quality food all prepared on site
  • Trip Advisor Top 10 Cafes in the area
  • Fantastic cash flow
  • Opportunity to expand operating hours to include evening dining

The ideal buyer could be:

  • A buyer who has prior hospitality experience and wanting either to relocate or expand
  • A working Chef wanting to own their own growing business

Not the owner of this business works front of house, NOT in the kitchen, so a friendly personality is an asset.

The owner has had over 20 years in the hospitality business and is now looking for a new challenge. The time is right to provide a new owner with the opportunity to grow this very well established and profitable business.

The vendor would provide necessary support to ensure a smooth transition.

Net Surplus $170,000 EBITDA

Contact: Kevin Peterson
Office: Christchurch

Confidentiality Agreement for Business Rederence 190318, Broker Name Kevin Peterson

Between Tabak Business Sales and the Interested Party.  The Interested Party must be an individual's name, NOT a company name.

In consideration of Tabak Business Sales (being any or all of Tabak Ltd (Licenced under REAA 2008) and/or Tabak Business Sales Limited (Licenced under REAA 2008) and their respective business brokers) entering into discussions relating to the possible acquisition of the assets or shares of any business(es) presented to me by Tabak Business Sales and specifically the business referenced above. I/We hereby agree and undertake as follows:

  1. To treat as totally confidential the identity of the business(es) disclosed to me and any details as to its operation or financial accounts;
  2. I acknowledge that the financial records, customer and supplier details and other information relating to the business to be disclosed to me shall at all times remain the sole and exclusive property of the Vendor and that such information is of competitive value and of a confidential nature and that loss or damage would be sustained by the Vendor if such information should be used or divulged by me for any purpose other than the evaluation of the purchase of the business or should it become into the possession of an unauthorised third party.
  3. Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by Tabak Business Sales;
  4. Not to make an approach to the Vendor of any business disclosed to me by Tabak Business Sales, or the business' staff, customers or suppliers without prior arrangement with Tabak Business Sales and to refer all queries through Tabak Business Sales;
  5. We acknowledge that Tabak Business Sales is the introducing agent, and that all offers and deposits for the business, shares or property will be conducted through that office.
  6. If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to Tabak Ltd (Licenced under REAA 2008) and/or Tabak Business Sales Limited (Licenced under REAA 2008) as the case may be;
  7. If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify Tabak Business Sales against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach.
  8. That all information is received for no other purpose than the evaluation of the investment potential of the business;
  9. If I decide not to proceed with the investment, I agree to immediately return to Tabak Business Sales all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);
  10. Acceptance by Electronic Mail: Execution of this Agreement and transmission between the parties by electronic signature and email response each to the other or their representative will constitute offer and acceptance and satisfy the requirements of Section 5 of the Electronic Transactions Act 2002.

Before proceeding with this Confidentiality Agreement, it is recommended that any prospective purchaser

  1. seeks legal advice.
  2. may or may need to seek technical or other advice and information.
  3. review Tabak Business Sales’ internal process in relation to any complaints.  A copy of these can be found here.
Mandatory Fields*