Cafes, Bars & Restaurants | Price Reduced - *$350k Returns Classic Tavern

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Price Reduced - *$350k Returns Classic Tavern

Auckland | Ad ID# 2904
Industries  >  Cafes, Bars & Restaurants
Asking Price $995,000.00 Inventory $
Included in Asking/Selling Price
Gross Income $0.00 Real Estate $
Stock/Inventory value .00 Year Established NA
FF&E $0.00
Included in Asking/Selling Price

Business For Sale By
Chloe Belli

Contact the Seller
To inquire about this business for sale, click the "Contact the Seller" link below

Price Reduced - *$350k Returns Classic Tavern

PRICE REDUCTION, my Vendor has sharpen the pencil on the asking price as he is looking to move this tavern on. Turnover $2M Plus (Circa $40K P/Week)! Iconic to the Area, extremely stable and well known, Vendor finance possible.

Asking price was $1.150M, now $995K so we are priced to sell (2.92 Multiple... industry standard is circa 3.5)

First time on the market after circa 10 years, this tavern is stunning and could easily carry on as normal under new ownership, or… you could expand / refurbish and put your own spin on it.

Brilliant local support, beautiful food and menu, turning over circa $40 - $50K per week, this is fantastic buying with a long lease and an ever-expanding local area, this is a very smart move.

Run semi-managed with the owner working approximately 10 - 20 hours per week overseeing the business, not in the business.

This won’t hang around, if you are looking for a pub / tavern with great local support, solid turnover, great list of chattels and a long lease, this is the one.

Asking $995,000

Interested? You’ll need to visit, register your details and fill in an online confidentiality agreement for reference #2075. Brett will be in touch with details soon after.
Licensed REAA 2008. Copyright Barker Business Brokerage 2017.

General Information

Home-Based: No


Other Information

Reason for Selling: NA