Ad ID: 87227

Restaurant for Sale Orewa Auckland

Beach Boulevard Boutique Dining

Location:
Asking:
$240,000
+GST
Turnover:
$500,000

Business for Sale Description

Restaurant for Sale Orewa Auckland

A Truly Exceptional Opportunity

With excellent financials, solid reputation and fantastic location, this restaurant is on a busy beach boulevard in one of the fastest growing cities in New Zealand.

The family who owns this restaurant have been offered another opportunity which has created a truly exceptional chance for someone to purchased a newly-outfitted, successful restaurant which was invested in thoughtfully with a long-term vision by industry professionals.   

Located in Orewa, the restaurant is a welcome addition to the bustling hospitality scene in this growing beach residential location. With the new refurbishment and equipment, and a gorgeous contemporary design, whoever takes it over will be able to start immediately. Surrounded by complementary businesses, a beautiful beach, lots of foot traffic - it's a booming region for locals, tourists and business owners alike!

First-Class Location

Orewa's long Pacific Ocean beach is a place for swimming, surfing and long, relaxing walks. The town centre has everything a local or visitor could need. Located on the Hibiscus Coast, people are drawn to Orewa for holidays, entertainment and boutique shopping.

Just half an hour north of Auckland's harbour bridge, the town of Orewa spreads inland from the edge of a magnificent three kilometer beach. It is only a five minute drive from the North and South motorway on-ramps. With coastal views, and many activities, it’s a destination-location.

Located on the main Orewa boulevard in the middle of the hospitality strip, the business has great visibility and all-day sun. There is high foot traffic, and it is surrounded by other booming businesses.

The population in this area continues to grow rapidly. In the immediate area, residential housing continues, with more townhouse developments underway. Growth is not limited to residential housing. Commercially, the area has been booming as well, with a recent (and on-going!) surge in popularity. Orewa’s business development has experienced significant growth in recent years, making now a great time to invest. The combination of a beach lifestyle, easy access to the North Shore and the blossoming reputation as a lifestyle destination, means this business is in the ideal position to thrive.

Reputation

The current owners are long-time hospitality professionals with impressive international experience. Their industry know-how has given this restaurant the chops to perform to a high standard of excellence. The restaurant is well-run, well-established and lucrative with a positive reputation not only locally, but online as well.

The online presence hosts many rave reviews. This is ‘the Special Occasion’ restaurant in Orewa. It is the only Wine Bar in the area, doing magical things with premium seafood, oysters, aged meat and flavors from Asia with many share dishes to choose from. There is an already an established daily crowd of local customers that are loyal to the cause. Best arrive early, because this restaurant is known for it’s great atmosphere and great service, it fills fast.

Operations

With knowledgeable and experienced owners interested in selling, the business is well-maintained and financially thriving, allowing you to take the reins of this successful business and hit the ground running.

The management is well organized, with solid systems in place, strong weekly sales, and an established catalogue of repeat customers. The staff is loyal and invested in the success of the business, giving owners more flexibility for balancing work and life.

The owner’s concept was to create a business that could prosper, without them having to be there everyday. They invested in smart systems and great staff: For those who want to own their own wine bar and have a lifestyle business in a destination close to the beach, this is a fantastic opportunity. The current owners operate the business themselves with switched on full-time, part-time and casual staff. They have a very experienced, professional team that remains very stable; turnover is low. However, another plus of the location is that additional staff is never difficult to find.

Hours

The restaurant is currently open Wednesday to Sunday from 11:30am to 10pm and closed for 2 weeks for Christmas and 1 week in July. The current operators have chosen to open five days per week, leaving a lot of scope to increase revenue by increasing days-open over the week or year.

Equipment

The kitchen plan and fit-out is well-designed, high quality, and very efficient: the concept is by a chef for a chef. The same care and thoughtfulness went into the front of house. The style and elegance of the space creates an inviting yet modern ambience. Noise canceling tiles were installed on the ceiling to make a more pleasurable dining experience, reducing clatter, chatter and creating more privacy between tables.

Rent is $38’700 per annum + GST ( $744 + GST Week )

Long Term Lease (Final November 2030)

Seating 40 people inside/ 10 outside



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Owner

0291216600
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