Share This Business

Tools

Print Brochure

Broker Details

Italy on the Beach - Prime Seaside Restaurant

All too often we see the term 'opportunities like this dont come around often' Well in this case, this certainly is the case. Mamma Mia was first established on the Mission Bay beachfront in 1972 and has been knocking out great Italian food ever since. Having been sold to the current owner by the original owner, this is a 'two owner' beauty.

Consistent sales of around $1.2m including GST over the past few years as advised by the owner. The current owner does not work in the business other than a couple of hours on a Saturday evening in order to earn his supper. Rent is currently $130,000 plus GTS per annum with an additional $24,000 in Opex.

This is in line with market expectations for the location and the size of the premises. By the current owner's admission, very little marketing has ever been done and this presents a real opportunity for a working owner to get stuck in and drive the sales further.

Priced at $200,000 plus stock (approx. $20,000). This represents a really good opportunity to acquire a really well established and landmarked Auckland Restaurant.

Thank you for your interest in this business. Please do not hesitate to request further information or help regarding this opportunity. Contact Peter Gibson on 0274 266 166.

Read moreRead less

Details

State	Auckland
Price	SOLD
Business ID	9376
Category	Food/Hospitality

Tools

Print Brochure

Share This Business

Agent Details

What our clients say

“Communications were excellent, emails and phone calls were almost instant, well done. Shaws is a complex and captivating business and therefore a lot of information exchange was needed, I...

Phil Shaw

"I am writing to provide a reference for Craig McDonald, who recently assisted us in purchasing a contract food manufacturing facility in Auckland. Throughout the process, I was consistently...

Ben

Ben is professional and a very personable guy. I greatly appreciated the assistance with the purchase of my new business. Recommend highly. Cheers, Tony

Tony

I had many concerns when starting my business, but thanks to Kevin invaluable advice, I was able to run it smoothly. Kevin detailed feedback, especially on aspects that are often overlooked after business...

Seung Hyun Kim

"Hi team, We would like to pass on our feedback and experience with Mr Jack Crosti regarding the sale of our small cafe just recently. Both Anne and myself found Jacks constant communication to be absolutely...

Laki & Anne

"Very professional deal has been done for me. Every step to be sold for my business was quick, easy and satisfying. Highly recommend the business sales broker, Kevin Lee very knowledgeable and experie...

Junsik Park

CONFIDENTIALITY WHEN BUYING OR SELLING A BUSINESS

We take care when passing out sensitive business information. In addition to completion of the confidentiality agreement and our provision of this to the owner of the business, the business owner at their sole discretion will advise if we are permitted to release further details to you on the business.

IMPORTANT:

The following Confidentiality Agreement relates to this specific business (and any additional businesses listed with CML) you are provided details and information on.

Rule 9.7 of the Real Estate Agents Act (Professional Conduct and Client Care Rules) 2012 requires that before you sign any contractual document (including this form) that you are aware that you can, and may need to seek legal, technical or other advice and information before signing. We recommend you to do so.

The signing of this form does not create an obligation for us to release the business information to you. Please be aware that we may still be required to obtain our Vendor’s authority before we can release further information about the business to you, and, they may require us to obtain further information including information about you, your background and your intentions for the business.

PLEASE ENSURE YOU HAVE CAREFULLY READ THE CONFIDENTIALITY AGREEMENT TERMS AND CONDITIONS. IN SIGNING THIS FORM YOU ARE AGREEING THAT YOU HAVE READ AND UNDERSTOOD THESE TERMS.

Between

Prospective Purchaser *

First Name *

Last Name *

Please enter your first name. Please enter your last name.

Of Address *

Please enter Of Address.

Suburb *

Please enter Suburb.

Postcode *

Please enter Postcode.

Your Email Address *

Please enter your email address.

This is not a valid email. An email must contain the @ symbol.

Phone Number *

Please enter your Phone number.

A vaild phone number requires at least 9 digits.

CONFIDENTIALITY AGREEMENT

BETWEEN CLYTH MACLEOD ( 2018 ) LIMITED [ “ CML ” ], Licensed under the Real Estate Agents Act 2008

AND [ “Interested Party” ]

Clyth MacLeod 2018 Limited (CML) includes Clyth MacLeod General Business Sales and Company Sales & Acquisitions and Food & Beverage Sales; all divisions of (CML).

IT IS AGREED AS FOLLOWS

The Parties above herein agree that the Interested Party has requested such confidential information as it has a possible intent to acquire by purchase the business(es) listed for sale with CML AND therefore the Interested Party HEREBY AGREES that CML may at its sole and unfettered discretion on behalf of the vendor disclose and supply to it such records, documents, representations, and financial information [ “confidential information” ] that CML may have in its possession, may obtain, or may have prepared.

The Interested Party further agrees that it will allow its details to be shared with the Vendor and the Interested Party agrees at all times to act with bona fides intent and in good faith with the Confidential Information, and the Business.
All Confidential Information shall at all times remain the sole property of CML and any notes, extracts, and copies howsoever made will be received and held in strict confidence by the Interested Party and shall be used for the sole “Purpose” of assessing the viability, suitability, financial details of the Business and will not be shared, disseminated or provided ( including any part or parts ) to any other person other than the Interested Party’s legal, technical, specialist or financial advisers.
Should for any reason the Interested Party not proceed with any interest in or offer to purchase the Business then all Confidential Information and any notes and copies made there from, and any other tangible information supplied to the Interested Party relating to the Business by CML will forthwith be returned to CML without any copies thereof having been kept by the Interested Party. Further, all Confidential Information shall also be permanently deleted from any computer system, handheld or electronic data storage device or facility of the Interested Party. If required by the Vendor, the Interested Party shall immediately upon request sign a statutory declaration confirming that it has returned all Confidential Information to CML and has permanently deleted the same from any computer system, handheld or electronic storage device or facility.
The undertakings as to confidentiality contained herein shall bind not only the Interested Party but also its employees, agents, directors, advisers, associated and subsidiary companies (including employees, agents and directors thereof) and the Interested Party shall take all reasonable steps ensure that all such persons are aware of and are bound by and observe the conditions of this Agreement.
The Interested Party will take all reasonable steps to protect the Confidential Information at all times and to prevent any unauthorised copying, acquisition, or use and shall indemnify and keep indemnified CML, and it’s salespersons and employees against all claims, losses or damages arising out of the unauthorised disclosure or use of Confidential Information or any parts thereof by the Interested Party or its employees, agents, directors, advisers, associated and subsidiary companies.
Without limitation to the foregoing obligations the Interested Party may not after signing this Agreement, unless they purchase the Business, or the Vendor consents in writing beforehand either directly or indirectly do any of the following things;
1. Contact any supplier to the Business or any customers of the Business to solicit them to do business with the Interested Party or any associate;
2. Contact any of the staff or contractors to the Business or solicit any of them to provide services or employment to the Interested Party or any associate;
The provisions of this Agreement shall not derogate from and shall be in addition to the obligations upon the Interested Party howsoever implied by the common or statute law relating to breach of obligations of confidentiality set out in this agreement.
This Agreement is severable, and if a court of competent jurisdiction holds any provision of this Agreement to be invalid or unenforceable, such finding shall not affect the remaining provisions of this Agreement.
The obligations, covenants and undertakings contained in this Agreement shall continue in force without any limit in point of time notwithstanding that no purchase agreement is entered into by the Interested Party for the Business.
This Agreement shall be governed by and construed in accordance with New Zealand Law and shall be subject to the non-exclusive jurisdiction of the High Court of New Zealand to which the Interested Party expressly submits.
If the Business is of interest, then the Interested Party hereby acknowledges that for the purposes of any purchase that CML is the introducing agent, and the Interested Party herein agrees that all or any negotiations, or offers to purchase the Business now or at any time hereafter including the purchase of any shares or interest in the Business howsoever will only be conducted through CML.
The Interested Party agrees and understands and accepts that all Confidential Information herein supplied has been provided by the Vendor or the Vendor’s agents and CML is merely passing over this information as supplied to it. CML cannot guarantee its accuracy as it has not checked, audited, or reviewed the information and the Interested Party or its employees, agents, directors, advisers, associated and subsidiary companies are advised to conduct their own due diligence investigation into this Confidential information, which has been sighted and approved by the Vendor.
To the maximum extent permitted by law CML does not accept any responsibility to any party for the accuracy or use of the Confidential information herein, and the Interested Party acknowledge that the provisions of the Consumer Guarantees Act 1993 and sections 9, 12A, 13, 14(1) of the Fair Trading Act 1986 shall not apply. Although the Vendor is not party to this agreement, it is hereby agreed that it is entitled to enforce the above promises, obligations and undertaking against the Interested Party pursuant to the Contract and Commercial Law Act 2017.
For the purpose of this Agreement, “Confidential Information” shall include and mean:
1. All information disclosed by CML relating to the business and financial affairs of any such business(es) listed for sale with CML (herein called “the Business”) whether by way of records, documents, representations, financial information, and books of accounts, howsoever connected with the business affairs and financial details of the Business.
2. Any information which the Interested Party acquires during negotiations in relation to any dealings, transactions or affairs of the Business.

As a prospective purchaser of a business and having executed a Confidentiality Undertaking with CML we have included you in our database. We will give you alerts on similar businesses that may be of interest to you and also provide you with our monthly newsletter. Please let us know if you prefer not to be on our database.You may also unsubscribe from our database at any time. PRIVACY POLICY: We will never release, sell or give your details to any other third party or organisation.

Thank You!

Thank you for your completion of the confidentiality agreement

Send another message

Please tick this box to prove you're human.

Submitting your message...

Thank You!

Thank you for your message. Someone will be in touch shortly.

Send another message

{{ errorTitle }}

{{ errorDescription }}