Hospitality Site, Devonport (Formerly Clarry's)

Hospitality Site, Devonport (Formerly Clarry's) — Hospitality & Tourism · Devonport · Asking $79,000

Hospitality site for sale on Clarence Street, Devonport, sold as a site only with no intellectual property provided Previously traded as a cafe (Clarry's, latterly Go Goa) serving the local community for over 40 years Lease through to 2036, available to an approved purchaser Seating for 50+ inside and 16+ outside, with plenty of nearby parking Spacious kitchen with gas on site; only residential…

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Hospitality Site, Devonport (Formerly Clarry's)

Hospitality Site

ActiveHospitality & TourismAuckland

Find funding for this deal →View original listing ↗

Asking price

~$81,500

est. from headline + $2,500 stock · NZD

Revenue

—

Earnings (est.)

~$36,859

Estimated · comparable listings of this type and size

Implied multiple (assumed)

~2.2×

Assumed · estimated price ÷ estimated earnings (as advertised)

Brief

Hospitality site for sale on Clarence Street, Devonport, sold as a site only with no intellectual property provided
Previously traded as a cafe (Clarry's, latterly Go Goa) serving the local community for over 40 years
Lease through to 2036, available to an approved purchaser
Seating for 50+ inside and 16+ outside, with plenty of nearby parking
Spacious kitchen with gas on site; only residential extraction currently in place

Hospitality site businesses in Auckland

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Listed

+4 in 30 days

Median asking

$75K

8 priced

Earnings multiple

2.1×

76 listings

Price drops

in 30 days

Asking price spread8 of 12 state a price

This listing · $79K

100%

Under $100KUnder $100K

New Zealand 18

Takeaways 78 · Cafes 67 · Restaurants 58 · Wholesale and distribution businesses 26 · General retail businesses 25 · Liquor stores 22

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