Iconic Whangarei Gastro Pub. $2m in Sales. $320k Profit!Listing: #EL03240
About this Business for sale in WhangareiIconic Whangarei Gastro Pub. $2m in Sales. $320k Profit!
This well-known Whangarei gem was founded by the current owners in 1995 and has been an exceptional business ever since. Located right in the heart of town, this is one of the best performing hospitality businesses in the region.
Recognised for serving great food - there is an excellent food/beverage mix.
Over 20 years of history, this place is run predominantly under management. The business is incredibly well established with a strong staff contingent and water-tight systems.
- Sales of over $2.1m per annum (COVID adjusted)
- COVID adjusted surplus of $320,000 (similar to prior 3 years)
- Strong lease in place to 2030
- Wonderful alfresco dining on widened pedestrian walkway
- Excellent fit out with all equipment rigorously maintained
- 25 years of history with solid, proven performance
- Impeccable systems and highly organised
This is an exceptionally well-performing pub and is surely one of the premium hospitality businesses in this area.
If you are looking for a super solid business that will afford you an enviable Northland lifestyle this one is most definitely worth checking out.
Asking $1.2m plus stock
To find out more, go to linkbusiness.co.nz/EL03240 and press the “Enquire Now” button to complete an online confidentiality agreement.
Nick Giles, 021 696 832, email@example.com
***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 #whangarei #hospitality
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*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.