Bar Restaurant. Stunning Tauranga Location!

Tauranga

$450,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1c4sbx6



Why battle away in Auckland when a premium business awaits in a lifestyle location? Tauranga is NZ's 5th largest city and is just 2 ½ hours from Auckland. It offers an enviable lifestyle with a great climate, superb beaches and an easy going, cosmopolitan vibe.

A fabulous opportunity has arisen to acquire this exceptionally well set-up and presented Hospitality business located in one of Tauranga's finest locations.

Sales are over $18,000 per week (inc GST) and growing nicely. This establishment opens for dinner just 5 days a week and lunch for just 2 and enjoys a good balance between food and beverage sales. The fit out is of very high quality and there are various seating areas both inside and outside.

Rent sits nicely under 9% of sales and there is a string lease in place. The business runs well with well-controlled food costs but a full time working owner would further improve wages. This combined with growing sales gives a nice upside to the lucky eventual buyer.

Premium location

Lifestyle environment
Beautifully set up with quality chattels
Strong lease in place
$18,000 per week and growing
Good food /beverage split
Such businesses are rare to come to market in this desirable City by the sea. The current owner is happy to ensure a smooth transition to a new owner. If you are in the market for a Hospitality business that ticks so many boxes, this one is most certainly worth a look.

Asking $450,000 plus stock
Ref: EL01999
Timestamp: 20190423064517

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