Ad ID: 81934 Inactive
Iconic Restaurant Bar for Sale Christchurch
Iconic Christchurch Restaurant/Bar - URGENT SALE
Business for Sale Description
Iconic Restaurant Bar for Sale ChristchurchUrgent SALE Iconic Christchurch Restaurant/Bar
$460k 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 $1.2m plus SAV (plus GST if any).
Contact Michael Inder at Nexus Business Sales to discuss further