Price
$290,000
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Bay of Plenty Region, Tauranga
Category
Food/Hospitality, Bars/Nightclubs
Listing #
14861
Right in the heart of downtown Mt Maunganui where the crowds are. Get ready for summer, it's on the way and it's going to be huge!! This is a large bar with 9 gaming machines, an internet cafe with wifi, the biggest projector screen in the Mount along with five 42" plasma screens for all the sports & special events, and provides a fantastic menu. No need here to hire a chef! Reap the rewards of this business and the ever increasing activity that the Mount holiday destination now brings all year round plus look at the added bonus of continual cruise ship berthing just down the road with over 219,000 passengers and crew frequenting the area each year! Action, Fun, Excitement and Rewards!! The owners circumstances mean they want a quick sale so they have not only reduced the price but will look at all sensible offers in order to achieve this. Make us an offer. You just might be surprised. Current turnover exceeds $500,000 p.a. Rent is $81,419 p.a. but note that quite a bit of this is paid for by the site rentals received from the gaming machines. The current lease runs to 2015 and renewals will reportedly be available. For further details complete the online confidentiality form & I will be in touch.
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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.
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