This is a the quintessential ‘local pub’. A place for regulars. A place to meet friends, A place for a cold one. A place for honest pub grub!
It’s a super solid business that rode through covid well and has emerged as strong as ever. Sale are an impressive $39,300 per week on average and there is a whopping $470,000 here as a surplus to a working owner.
The business is run under management (operationally) and the current owner enjoys a managed profit (EBITDA) of around $412,000. That’s a very healthy 33% Return on Investment! The current owners have been custodians for the last 22 years and the business has served them exceptionally well.
The business is run by a strong Manager and there is a good team in place and a full-time crew in the kitchen. There is a strong lease in place and the rent is a mere 4.7% of sales!
If you are looking for an easy to run, solid pub business that does what it says on the tim – well, this is it! The owner is willing to give good support to a new owner and this one is priced well.
Asking $1.25m plus stock
To find out more go to linkbusiness.co.nz/EL04075 and press the “Enquire Now” button to complete an online confidentiality agreement.
Nick Giles, 021 676832, firstname.lastname@example.org
***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
#pub #alcohol #food #gastropub #bar
*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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