Ad ID: 74209 Inactive

Oceanfront Restaurant Bar and Nightclub for Sale Waiheke Island

Is This The Deal of The Century? The #1 Sports & Nightlife venue on Waiheke is for sale! $1.6M in Revenue, roughly $600k in Surplus profit with a "Fire Sale" asking price of only $849,000.  Owner must reluctantly travel overseas for an unforeseeable time-frame due to serious family illness. 

Location:
Asking:
$849,000
Turnover:
$1,600,000

Business for Sale Description

Oceanfront Restaurant Bar and Nightclub for Sale Waiheke Island

With a purchase price of only $849,000, this could be the best investment you'll ever come across. Valued at 1.8M, but priced to sell quickly due to the family illness. Wont be on the market very long. Act quick! 

Situated in the heart of Oneroa, Waiheke Island with over 1 million tourists passing their door annually and a very steady local following. This is the #1 sports & nightlife venue on Waiheke. Coupled with award-winning food winning 2 X 1st place trophies at Meatstock 2018. Add to that, cocktails on the Caribbean inspired deck overlooking the gorgeous Oneroa beach, all crafted by they're in-house mixologist. 

Smugglers is the type of venue you expect to find on a tourist driven Island. A fun beachy/tiki type bar & restaurant that transforms into Waiheke's "Go To" nightlife spot for 18-45 year olds. 

Current owners spend less than 5 hours a week in the business. It’s ran by the staff.

A rare but fantastic opportunity to purchase this award-winning restaurant, bar & nightclub on Waiheke island!

Picture a bar & restaurant that has a huge outdoor deck with oceanfront views, set out like a tropical island paradise. Imagine it’s right in the heart of the busiest, highest foot trafficked part of what Vogue Magazine, Conde Nast Traveler, Lonely Planet, The Guardian, have repeatedly voted into the top 5 island destinations on Earth! A location with over 7% population growth annually and tourism growth in double digits year on year for over a decade.

Business Resources

Fully managed, low staffing requirements with high turnover. Situated on Oceanview Rd right in the center of Oneroa Village. 

Transport yourself to a fun bar with award-winning food, ice cold beer, frozen cocktails & live music by day, live sports by evening and then transforms into Waiheke’s number 1 nightlife spot by night with George FM & Resident DJ’s rocking the dance floor. Welcome to Smugglers. The bar where vacation memories are made.

You can do the back of a napkin calculation yourself but, if nothing increases and things continue in the same fashion of $800,000 in revenue and $300,000 in profit in the first 6 months of 2018. The net profit should be roughly $600,000 over 12 months with gross revenue north of $1.6million. So the asking price of $849,000 is very reasonable and priced to sell quickly. 9 years left to run on current lease with huge upside potential via the ability to increase trading hours along with adding a simple advertising strategy to over 1 million annual tourists to the island via fullers ferries.

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