Location Location Location Blue Chip Bar RestaurantListing: #BOP00342
About this Business for sale in TaurangaLocation Location Location Blue Chip Bar Restaurant
This blue-chip business is sited in an enviable upmarket location in the Tauranga/Mount Maunganui area, which provides constant patronage, day and night.
With a fantastic fit-out in a purpose-built building, the business was developed from the ground up by the current owners only three years ago and provides a top-quality operation ready for a new owner.
A great turnover has averaged around $2,000,000 per annum plus GST for the last two financial years. This has provided a very good net profit last year to the owners of over $500,000.
Seating totals just 200 inside and outside, with a dining area, private room, bar, and outside courtyard all providing options for its wide variety of customers. The business can cater for dining, bar, sports events, functions and meetings - basically all parts of hospitality are taken care of, providing multiple revenue streams.
A great long-term lease in place, with renewals until 2045, gives good stability to the future of this business. Experienced, professional staff including a hands-on Manager are in place, so an easy transition to a new owner is assured.
This is a once-in-a-lifetime opportunity to buy an absolutely iconic local hospitality business, which will not come up again - get in touch with me now.
Due to confidentiality requirements by the Vendors, enquirer's will have to provide evidence of previous business experience and ability to fund such a purchase before the information is released.
***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.
#buybusiness #profitable #hospitality #tauranga
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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.