Ad ID: 70561 Inactive

Restaurant Bar and Karaoke for Sale Auckland CBD

Red Pig - Buzzing Korean BBQ + Popular Karaoke Bar

+ Stock of $8,000

Business for Sale Description

Restaurant Bar and Karaoke for Sale Auckland CBD

Red Pig’s philosophy is that meat should be fresh, free range and cooked quickly. Eaten with a unique range of flavorsome condiments like Pachae, Kimchi to name a few. Red Pig boasts beautiful decor with ample seating and essential indoor/outdoor flow onto the courtyard of Kitchener Street. Aromas of freshly cooked gourmet meats waft into the surrounding neighbourhood to promote outsiders to get in on the action that Red Pig has to offer.

Sky Karaoke is the brother to Red Pig, utilising the food & alcohol aspects of the business while hosting 12 private Karaoke rooms with over 50,000+ songs to choose from. Customers can party until the late hours of the night singing their favourite songs.

Business Highlights

- Strong weekly sales average of $20,500+ (GST incl)

- 2017 Profit: $169,000 to 1x Working owner or $124,000 Fully Managed

- Long and secure lease through to 2027

- No Solus agreement in place gives freedom to choose alcohol supply

- Running under full management

- Both operations utilise each other to minimise running costs

- Open 7 days from 5pm onwards

Red Pig & Sky Karaokes awesome Korean BBQ layout has a luxurious design and feel. No solus in place gives freedom to choose where the liquor will flow from. Add to this the powerful, efficiency that comes with the synergy between Red Pig & Sky Karaoke and you have a strong business model indeed.

Businesses like this very rarely hit the market. Want to find out more? Give Sterling Arnet the hospitality specialist a call today to discuss.

Asking Price: $450,000 + Stock of $8,000

Agency Reference: KA1581

Business Resources

Comprehensive training and assistance will be given to a new Purchaser 

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