Ad ID: 78179

Bar and Restaurant for Sale Ponsonby Auckland

Ponsonby Bar Restaurant With A Real Buzz. Profitable Too!

Location:
Asking:
$550,000

Business for Sale Description

Bar and Restaurant for Sale Ponsonby Auckland

This such a cool place! There has been a great buzz about it both in magazines and online and it is a real Social Media hit ….. and best of all ….. it’s in Ponsonby!!

The fit out is uber chic and the layout is great. There is such a light feeling about the place with an easy flow from inside to a stunning covered outside space. The owners have done a wonderful job building a desirable dining and drinking destination in this always popular suburb.

Really interesting food and just a superb cocktail list!

The business is good.  Strong alcohol sales mean great margins and this Is further helped by a decent proportion of the business being groups and functions. COGS, then, are barely over 20%!

A working owner should be able to achieve a surplus of around $215,000 plus here but this Christmas season should boost that figure nicely as it is set to be a busy one!  Currently it is fully managed.

Ultra-desirable location

Amazing fit out and feel to it

Superb margins

Strong lease in place

Massive Social Media presence

Very real opportunity for continued growth

Currently fully managed

I see the new owner of this place being someone who loves building relationships with people and wants to enjoy a fun and vibrant working environment.

The staff are excellent so you do not necessarily need huge hospitality experience. A love for people and service are key, and a strong understanding of running a business and the importance of marketing are more important facets of your game.


Asking $550,000 plus stock

Reference: EL01873

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Link Business Broking Ltd
For more info
Contact:

Nick Giles

021676832
Anytime
Link Business (Ellerslie)
Licensed REAA 2008
Broker Ref: EL01873

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