Established Family Restaurant and Bar in GisborneListing: #HC00152
About this Business for sale in GisborneEstablished Family Restaurant and Bar in Gisborne
An opportunity exists for new beginnings with this well-established family restaurant and bar in central Gisborne!
This is a modern well-appointed setup.
The business was relocated to its current purpose-built site in 2016; the move also included the purchase of new kitchen and restaurant equipment.
With excellent on and off-street parking the business is licensed to operate between 10.00am and 1.00am.
This vintage kiwi beach themed family restaurant offers a relaxed informal dining experience of kiwi style food. Full bar facilities with non-alcoholic options also available.
Sales have remained consistent with huge potential for further growth, this established business has strong customer loyalty.
Currently operating lunch and dinner service 5 days a week – Wednesday to Sunday (due to Covid) The current owners are looking to open up for additional days.
This business currently operates as one identity but could easily be separated.
Asking Price $305,000 + SAV
+64 6 833 6636
+64 21 599 514
*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.