Pair pay pittance for restaurant on TradeMe

Published: 7:11PM Saturday February 14, 2009 Source: ONE News

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It could be the ultimate TradeMe bargain. An Auckland mother and daughter have shelled out peanuts to buy an entire restaurant in Christchurch.

It will be two weeks before the sale paperwork is complete, but on Saturday the pair visited the restaurant to see what exactly $181 bought them.

After seeing the ad online, Theresa Cowan put on a cheeky bid.

"I rung my mum," she says, "asking her if she wanted in on the deal."

Her mother was in and the pair then flew down from their Auckland home, and they looked around their new restaurant for the very first time.

The restaurant was part of the successful Spagalimis pizza chain, sold cheap so the company can focus on its other Christchurch stores.

"The cost to fit this restaurant out was over $400,000 and that was over five years ago, so I suppose you could say they got a bargain," says Andrew Cooper, of Spagalimis.

The new restaurant will open for customers in six weeks time.

Before then they need to write a new menu, and hire a new chef. They need to meet and greet their new waiting staff. And of course they need someone to manage the till.

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