Ad ID: 73790 Inactive

Upmarket Cocktail Bar for Sale Central Otago

Upmarket Cocktail Bar in Stunning Location  -    Central Otago

$250,000 (Plus SAV)

Business for Sale Description

Upmarket Cocktail Bar for Sale Central Otago

Business opportunity:

This well-established Cocktail Bar with a strong loyal customer base is for sale in a location that is second to none

  Business Strengths:

• Strong growth and profitability each year

• Strong local reputation

• Amazing location and fit-out (makes up most of the purchase price)

• New menu (Food now prepared on-site)

• Fantastic cashflow

• New events/wedding offering has just been implemented

The ideal buyer could be

• A buyer who has prior hospitality experience and wanting either to relocate to an extremely appealing & vibrant Central Otago location or expand into hospitality ownership

• An events manager wanting to focus on the events/wedding package recently put in place

The business is currently fully managed. The Vendor only pays the bills, and has recently spent considerable time creating the new events/weddings offering, making it the perfect time for a new owner to take the reins

Business Resources

Reason For Sale:

The current owners run several successful hospitality businesses throughout the South Island, with more to come. They simply do not have the time to see this business reach its full potential.

The Vendor would provide necessary support to ensure a smooth transition.

Sale Price $250,000 (Plus SAV) Net surplus $136,000 EBPITD

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