Business For Sale. Mt Maunganui Restaurant/ Bar - Solid Profit

Well set up Restaurant & bar situated on Maunganui Road which leads into the main centre of Mount Maunganui, one of New Zealand's best beaches and holiday places.

The restaurant and bar consists of a well set up and attractive inside area which seats up to 70 plus bar. There is also a great outside courtyard area with rustic solid wood tables and bench seats with views of the passing traffic but protected by large solid glass partitions which create protection from the noise of the traffic.In the evenings after the dinner customers have finished the live music is on and you have a busy bar scene which flows into the outside courtyard and really rocks until late with room for up to 100 people.

The rent is currently $36,000 per year plus GST and out goings which is very reasonable for such a high profile site. This is also ably covered by an extremely solid lease arrangement which runs until October 2019.This consists of 4x2 years rights of renewal which commenced in October 2009.

The business currently turns over $20,000 per week which is split one third food and two third alcohol. The current owners believe with more focus on the food side and possibly extending the hours to explore the breakfast potential these figures can be further increased. This would combine well with further energy put into the lunch time business as well which would nicely merge into the existing structure of the day with afternoon drinks starting from 4 pm a happy hour from 5-6 pm, then dinner and later on the bar swings into action with live music from Thursday until Sunday nights until 1 am.

At present the business returns the two working owners $157,000 net surplus for their 4 days on 4 days off involvement so this business could be owned and run easily by one working owner.

Over all this would have to be one of the nicer set up and well run bar/restaurants in the area and is a must to view if you are looking to purchase in this industry.

Asking price of $450,000 plus GST (if any).