Ad ID: 81719
Iconic Restaurant and Bar for Sale Christchurch
Baretta Restaurant / Bar for Sale
Business for Sale Description
Iconic Restaurant and Bar for Sale ChristchurchBaretta, one of Christchurchâ€™s most loved restaurant/bars is reluctantly for sale. Fully managed, it has consistently earned a great return for its owners. Year to March 2019 this was approximately $450k from a turnover of $2.8m
With an exceptional fitout, range of indoor areas and sheltered courtyard, it is licensed for 290. This is a superb and profitable business. It currently is open 7 days a week. Baretta has been operating for seven years.
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 runs 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 $950,000 plus SAV (plus GST if any).
Contact Michael Inder at Nexus Business Sales to discuss further
Interested In This Opportunity?