Gastropub and Restaurant

Invercargill, Invercargill

$550,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1c2fq03

Paddington Arms is Invercargill's original gastropub.  Established in 2010 by the current owner Graham Hawkes (Hawksy), it offers diners good quality traditional fare created by talented chefs.  Hawksy is the current National President of NZ Chefs.

The sale of Paddington Arms (Going concern on leasehold land) offers the opportunity for a new owner to grow the established loyal customer base and potential for adding their own personal touches.

Reasons to buy

Strong brand (known locally as Paddys)
Can cater up to 100 people
Income growth potential
Broad range of dining, function venue and entertainment options
Set in a beautiful park setting 
Freehold building on leasehold (Council) land
Potential  to convert building to accommodate live-in manager (subject to Council/resource consent approval)
Plenty of off-street parking
The Paddington Arms also has the facilities to cater for functions, events and conferences with a range of options according to specific needs for groups of 10 to 100.  If offers options such as indoor or outdoor dining and a separate function room with its own private bar.

Business Opportunity
This is an opportunity to own a going-concern business as well as a freehold building.  The land, Council-owned and leased for a very reasonable $12,000 per year (approx) including rates.  Growth potential could include:

Extend opening hours to include a lunch service.  Currently offers Sunday lunch only
Open 7 days per week.  Currently opens Tuesday to Sunday 5.00pm
Promote more group events and functions 

Invercargill
Invercargill is a city near the southern tip of New Zealand’s South Island. It’s a gateway to wilderness areas including Stewart Island, with its Rakiura Track. In town, the Southland Museum and Art Gallery has natural history collections and live tuatara reptiles. Queens Park features flower displays and sports facilities. To the southeast, Waituna Lagoon is home to abundant birdlife and trout populations.

To find out more, go to www.linkbusiness.co.nz/CS00230 and press the “Enquire Now” button to complete an online confidentiality agreement.

***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business. Please contact the broker for further details.

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