Iconic Northland Music Venue $164,000 Profit

Whangarei

$395,000

Proposed Usage
Other Businesses for Sale
Description:
Property ID
1c3kbyh

Having hosted the likes of Dave Dobbyn, Anika Moa, Holly Smith, Tiki Taane, Elemeno P, The Chills, Che Fu and pretty much every other major New Zealand music and comedy act over the last 5 years, it is now time to hand over the reins to a new owner.

In the 5 years of operation, The Butter Factory has earned its stripes as the go-to destination north of Auckland as the premier venue for live music, comedy and fun.

With sales averaging $20,000 per week, as well as days of $40,000+ makes this bar/restaurant/function and all round hospitality hotspot one of the best performers Northland has to offer.

Low rent of only 7%, low staff costs and great GP contributed to one working owner making $164,000 for the 2018 financial year.

The business consists of a pub and restaurant area, a garden bar with a permanent sound stage and all-weather cover and finally, "the cave," an intimate performance space allowing the venue to accommodate hundreds of happy customers at any time. Generating multiple income streams from three separate and unique spaces assures cashflow is maximised all year long.

The benefits of living in the winterless north are innumerable if someone was looking at relocating, but this business would also be easily managed with an easy 2 hour commute from downtown Auckland as all key senior staff are in place keeping this awesome business ticking over.

This is a major Northland hospitality icon as good as anything New Zeland has to offer, this won't last long!

Please contact Dayne - 027 501 6207 for more information.

Price $395,000.

Enquire about this business