Mediterranean Cuisine & Tapas Bar - Waterfront

Auckland City

$320,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1c04nm4



This restaurant brings it all to the table, from an inviting dining experience to a magnificent waterfront location. The menu holds a wide variety of international European recipes alongside a vast variety of exotic beverages, house wines and beers.

With perfection in mind, this spacious restaurant has been equipped with quality furniture, lighting, bar and seating to accommodate up to 120 people. The restaurant has earned a top spot for hosting a variety of events over the last 2 years.

Apart from casual dine-ins, the restaurant is commonly hired out for functions and events. Currently generating a weekly turnover in excess of $15,000 Including GST Per week. Apart from the food, a large portion of the turnover comes from alcoholic beverages which contribute to the restaurant's high gross margins.Reasonable rent of $55,000 + GST + OPEX which is justified by the location and size of the restaurant.Licensed premisesNegligible seasonal impact due to the location - high potential of growthLong secure lease in place.Owner selling due to other business commitments.

Asking price: $320,000 + 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: EL00694
Ref: EL00694
Timestamp: 20171119054507

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