Ad ID: 81719

Iconic Restaurant and Bar for Sale Christchurch

Iconic Christchurch Restaurant/Bar - URGENT SALE

Location:
Asking:
$1,250,000

Business for Sale Description

Iconic Restaurant and Bar for Sale Christchurch

Urgent SALE Iconic Christchurch Restaurant/Bar
$482k EBITDA $2.85m per annum revenue


First time to the market, this restaurant/bar, trading in its 7th year is one of Christchurchs most iconic inner city bar/restaurants. With its high quality fitout, range of indoor and sheltered outdoor spaces, it is licensed for 290, this is a superb and profitable business. It currently is open 7 days a week.

The owners wish to sell urgently, owing to their out-of-town business commitments. Currently fully-managed with great staff, it will have equal appeal to Hospitality Groups wishing to expand their base or to an owner operator.

Lease is 6+3+3 through to Feb 2025. Major supply contracts have either expired or are soon up for renegotiation. This business is a fantastic opportunity.

Priced to sell at $1.25m plus SAV (plus GST if any).

Contact Michael Inder at Nexus Business Sales to discuss further

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Nexus Business Sales Ltd
For more info
Contact:

Michael Inder

Michael Inder
+64 21 626 690 or +64 3 443 0043
Phone: Michael Inder +64 21 ... or +64 3 443 0043
Nexus Business Sales
Licensed REAA 2008
Broker Ref: NEX10386

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