Bistro/Bar Price Reduced. Less Than Asset Value.Listing: #CS00486
About this Business for sale in ChristchurchBistro/Bar Price Reduced. Less Than Asset Value.
Price reduced to $175,000.
Current asset value $180,000 - original fit out over $500,000.
Fantastic location: close to new convention centre - on main high street in and out of the city centre.
Bistro/bar easy to adapt to new client market soon to be in the city - corporate market will appreciate this high quality fit out and relaxed atmosphere. Easy transition to daytime cafe/bistro to bar.
5min stroll to the city. Many new hotels/accommodation are either under construction or have been built near by.
- Very little competition
- Currently underperforming but with minimal changes could maximise on the growing tourist and corp. market and still meet the needs of local clientele
- Opportunity to re-brand
- High quality commercial equipment and fit out
- Currently closed Saturday and Sunday lunch so further room for growth with tourists/corporate market heading our way in 2020
Owners instruction is clear, 'bring me offers'!
To find out more, press the “Enquire Now” button to complete an online confidentiality agreement.
***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.
+64 3 366 3394
+64 21 02978810
*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.