Link Business

Location Location Location Blue Chip Bar Restaurant

Listing: #BOP00342
price

$1,785,000

Profit

$510,942

sales

$1,908,854

industry

Tauranga

Industry

Food / Hospitality


Grant Jacobson

Broker | Bay of Plenty

Grant Jacobson

grant.jacobson@linkbusiness.co.nz

+64 7 579 4994

+64 27 454 0432


About this Business for sale in Tauranga

Location 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. 

 

To find out more, go to linkbusiness.co.nz/BOP00342 and press the “Enquire Now” button to complete an online confidentiality agreement.

Grant Jacobson, 027 454 0432, grant.jacobson@linkbusiness.co.nz

 

***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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Bay of Plenty
grant.jacobson@linkbusiness.co.nz
+64 7 579 4994
+64 27 454 0432

Grant Jacobson

Enquire Now

*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.