Paihia Waterfront Dining: Alfrescoâs ...
- Proposed Usage
- Tourism & Hospitality
- Property ID
Paihia Waterfront Dining: Alfrescoâs Restaurant
With iconic views over the beautiful Bay of Islands, Alfresco's Restaurant & Bar is one of Paihia's most popular and established restaurants. The current owner has grown the business over the last 8 years and it now delivers revenues well in excess of $1m through its appeal as a destination for both local residents and tourists alike. The Restaurant delivers many features: ï¼ Ranked within the top 5 (of 47) restaurants in Paihia, on Trip Advisor ï¼ 25% year on year revenue growth is shown in the current financial year ï¼ Located next door to the prestigious Edgewater Palms Apartments ï¼ Spacious restaurant with Indoor and outdoor seating ï¼ Full flexibility to host private functions ï¼ Highly trained, committed and capable staff ï¼ Excellent business systems ï¼ Owner/Manager 2 bedroomed house is included in the leased premises ï¼ Onsite Parking for 22 vehicles Plans have been drawn to refurbish parts of the premises which are awaiting council approval and these modifications will be completed by the owner as part of the purchase price. This is an exciting opportunity to either invest in this fully managed business or to work as an owner/operator in the stunning Bay of Islands. Enquire now for further information and to arrange an inspection of the business. Asking Price $750,000 + SAV