Ad ID: 72917

Restaurant and Bar for Sale Waiheke Island

Smugglers Bar & Smokehouse Waiheke Island!


Business for Sale Description

Restaurant and Bar for Sale Waiheke Island

Superb sales and profits in the first 6 months! Close to $300,000!

What a fantastic opportunity to purchase this busy local bar and eatery.

Think of your very favourite fun bar on your last tropical island getaway and add in some of the best BBQ food in the country and you have Smugglers!

This place has grown very quickly to be THE Island night spot with a whole host of events such as ladies nights, comedy nights, resident DJ’s (and George FM DJ guests), Karaoke nights, live bands and 80’s nights. This is Fun with a capital F.

The Smugglers crew also won 2 out of the 4 top prizes at this year’s “The King of The Que” BBQ competition and the place enjoys rave reviews about the food.

So why sell so soon? A family illness means that the owner must reluctantly travel overseas. He is passionate about

this place and wants to see a new owner take it to even greater heights.

Spectacular location with spectacular views

Right in the heart of town

A fun and casual bar and eatery

Good lease in place

Well controlled costs (relatively easy operation with low staff requirements)

Sure, it is early days, but this place is still trading very strongly through winter. The owner believes there is a whole heap more to come. The first 6 months have seen a surplus close to $300,000!!

You can do the calculations yourself but, if things continue in the same vein, then the asking price of $990,000 looks reasonable.

Asking $990,000 plus stock

Reference: EL01570

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Link Business Broking Ltd
For more info

Nick Giles

021 676 832
Link Business (Ellerslie)
Licensed REAA 2008
Broker Ref: EL01570

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