412m2 Stunning Restaurant Bar. North Shore!
About this business for sale in North Shore City412m2 Stunning Restaurant Bar. North Shore!
Extraordinary site and beautiful set-up.
This is a fantastic opportunity for someone to take over this magnificent North Shore space. It is bright and airy with a number of different seating areas, a fantastic bar area and a huge open kitchen. There are massive doors leading out to a sunny outdoor seating area on the pavement.
I sold this to the current owner and so I know it well. They took what was already a great fit out and invested heavily to bring it bang up to date. Absolutely no expense was spared here. So much so that the depreciated asset value is a little over $1m!
Whilst the current trading name does not form part of this sale, the owner is doing around $2m per annum in sales and, with a rent of $143,000 per annum, there is good money to be made here.
The space is great with approx. 412m2 in total. 360m2 inside and the rest is courtyard and storage.
- Lease to March 2030!
- Great rent for this space
- Enviable North Shore location
- Stunning fit out with a great chef’s kitchen
If you are smart operator with a concept to go in here – be it a restaurant, gastro pub, cafe bar or other, this is just fantastic buying. There is absolutely no way you could set this up again for anything near this asking price.
With that fabulously long lease a secure future is assured.
Asking just $750,000 plus stock (if any)
+64 9 555 6039
+64 21 676 832
*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.