Lepuna La Box Nightclub - 258 Karangahape Road
- Proposed Usage
- Other Businesses for Sale
- Property ID
The business has very recently closed for major repairs to the toilets and drainage. The proposal is to sell the business allowing the new operator to start afresh with a new licence. The current owner would assist with management expertise, licencing consultancy and legal assistance.
All equipment is available with limited stock. The chattels include 2 pool tables in excellent order. The D.J. system is available but may not be required by the new owners.
The owner has an excellent relationship with the landlord and would assist negotiating a new lease based on the existing, however the agent expects to achieve better terms and conditions with the new lease.The rent will be very similar to the current rent of $950 per week and OPEX estimated at $48 per week.
This is the basis for a very profitable business. We understand that the premises very recently turned over around $10,000 to $18,000 per week on a 2 day week. If it was run on a 3 or 4 day week with cover charges at night, profit could generate returns well ahead of what has been achieved.
Wages are paid to both the bar and security staff, with most, if not all, under contract. This business could be run under management but to extract the maximum we recommend an owner/operator
The current owner wants to retire from the business, but would assist the new owner with all aspects of set up and operation of the club.
Total price is subject to full negotiation based on the business being on the market over $100,000.
Price $120,000 plus estimated stock value $3,500