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This licensed restaurant and bar is located in the Pauanui Shopping Centre on the beautiful Coromandel Peninsula. With indoor and outdoor seating this place hums over the summer while allowing you to kick back and relax over the winter. It currently has seating for 24 inside (but could fit more) and more than 30 outside. The outdoor seating is covered and has rolldown sides for bad weather. In addition to lunches and meals the kitchen does burgers and pizzas while the two big screen TVs and the projector draw the sports crowd. Tap beers are Speights and Macs while there are two coffee machines (one automated). The separate air-conditioned gaming room has 7 machines (owned by the Lion Foundation) from which the owner has received income of between $1200 and $2200 per month. Much of the equipment is near-new including the bar, chiller and stainless steel benches. The lease is very reasonable at $19,300 plus GST and outgoings with expiry in 2018. Ideal for two working owners, this is a rare opportunity for you to get into a very well set up and profitable business at less than the value of the plant plus stock. The current owner has genuine reasons for selling and has priced the business realistically to encourage an early sale. What are the benefits of this business? You have a low entry cost Well set-up – no additional expenditure required You get an already profitable business You can have time out during the low season You get to live by one of the most beautiful beaches in New Zealand .
*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.
Buying a business is an exciting time and will prove to be one the most impactful decisions you will make in your lifetime. We’re here to help you on your journey.
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