Gaming Sports Bar with TAB

Whangarei

$390,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1bttw28



You are looking at very profitable and booming industry. If you are looking for a well established gaming and sports bar in Northland, end your search now!

Gaming bars are rare to come by and with the change in the rules from the ministry in October 2016 when gaming commissions were fixed regardless of your turnover. The new rules allow business owners to pocket more income by increasing gaming customers. ​

FEATURES & VENUES OF INCOME:

With 18 gaming machines, a large volume of bar sales, a full-fledged restaurant on premises, TAB and a 3 bedroom accommodation generating a rental income, the owner pockets a net surplus of $140,000 p.a.

POTENTIAL FOR GROWTH:

The business is currently 100% staff managed and an owner operator can be a game changer. The business has very short hours of operation with potential to increase gaming sales.

SUMMARY:Gaming machine proceeds of $2,300 excluding GST per week from 18 Gaming Machines and bar turnover of $8,000 (50% gross profit) per week and has the potential to increase bar sales again with an owner-operator and local marketing Rent is $3,583 Including GST Per Month, which is unbelievably reasonable for the size of the premises and includes a 3 bedroom accommodation which is currently rented out at $750 Per Week.FULLY SELF MANAGEDOpening hours: Mon: 1pm-7pm, Tue-Thurs: 11am-8pm, Fri: 11am-9:30pm, Sat: 11am-9pm, Sun: 11am-7:30pmLong secure lease term.

Asking price: $390,000 + SAV

So if you feel this is for you, contact the A-team:

Anil Vazirani - DDI: (09) 525 2-6-4-5 (525 A-N-I-L) or MOB: 021 0277 8149

(OR)

Ron Vazirani - DDI: (09) 555 6036 or MOB: 021 294 2978

Note: For more detailed information, including financial statements, lease documents, GST returns etc. please refer back to the broker.

Reference: EL00800
Ref: EL00800
Timestamp: 20170727054533

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