Link Business

Well Known Fully Licensed Bar and Eatery. Whangarei.

Listing: #EL03045
price

$350,000

Profit

$120,000

sales

$775,000

industry

Whangarei

Industry

Food / Hospitality


Rafiq Bhamani

Broker | Auckland - Ellerslie

Rafiq Bhamani

rafiq.bhamani@linkbusiness.co.nz

+64 9 555 6031

+64 21 129 1916


About this Business for sale in Whangarei

Well Known Fully Licensed Bar and Eatery. Whangarei.

Currently this business is FULLY MANAGED.

What a fantastic Bar and Eatery this is. Fresh and humming nicely!

This is a major Bar and Eatery with excellent sales and a very strong history. Without doubt this is one of the flagship Bar for this town and it is one to be proud of owning.

Highly reputable, anyone new can take immediate advantage of the huge presence developed over the last several years. This Bar and Eatery has always scored A’s in the FCP. It has had very consistent sales all year round as it attracts local residents, office crowds, domestic and international tourists (when borders open).

The rent here is unbelievably good for this very high profile location at just 7%  per annum based on the current sales, the lease is also nice and secure.

A full-time working owner should be able to earn around $120,000 per annum here based on current costs

  • Fully managed
  • Weekly Sales around $15,000 per week, including GST
  • Superb rent for this high profile location
  • Understanding landlord and a strong lease in place
  • Full training will be provided prior to the settlement
  • Smooth handover procedure in place
  • Huge foot traffic
  • Truly prime position in this important development area

Asking Price $350,000 plus stock.

 

To find out more, go to linkbusiness.co.nz/EL03045 and press the “Enquire Now” button to complete an online confidentiality agreement.

Rafiq Bhamani, 021 129 916, rafiq.bhamani@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.

 

#wesellbusinesses #eatery #bar #auckland #hospitality

 

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Auckland - Ellerslie
rafiq.bhamani@linkbusiness.co.nz
+64 9 555 6031
+64 21 129 1916

Rafiq Bhamani

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.