Restaurant and Cocktails. Prime Location!

Auckland City

$465,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1bsty2k



This such a cool place! There has been a massive buzz about it both in magazines and online and it is a real social media hit.

The fit-out is uber chic and the layout is great. There is such a light feeling about the place with an easy flow from inside to a stunning covered outside space. The owners have done a wonderful job building a desirable dining and drinking destination in this always popular suburb.

The business is strong. Sales are over $20k per week and, with strong alcohol sales, the margins are excellent. Just 26% cost of sales, in fact!

Sales are in real growth mode. This has become THE place for corporate to have private functions. Last two weeks have seen functions for $26k and $37k!

A working owner should be able to achieve a surplus of $240,000 plus here. Currently it is fully managed.Very desirable locationAmazing fit-out and feel to itSuperb marginsStrong lease in placeMassive social media presenceVery real opportunity for growth.

Exceptionally realistic asking price. This will not last long on the market.

Asking $465,000

Reference: EL00610
Ref: EL00610
Timestamp: 20170818054506

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