nzbizbuysell.co.nz/91475
Ad ID: 91475

Bar and Restaurant for Sale Russell Bay of Islands

Bayside Restaurant and Bar in idyllic Russell. Lifestyle plus here!

Location:
Asking:
$268,000

Business for Sale Description

Bar and Restaurant for Sale Russell Bay of Islands

A rare opportunity to grab your own little slice of heaven in the beautiful Bay of Islands. Bayside Restaurant & Bar is located right on the beach in historic Russell and it boasts gorgeous views across the bay.  Indeed, the restaurant is the first business visitors see as they disembark from the ferry.

Russell has seen year-on-year tourism growth. Many Auckland holiday here and plenty have holiday homes here.

The restaurant was completely renovated when the owner bought it 2 years ago. He does not work in the restaurant and so there is very genuine opportunity for an owner-operator (or couple) to take this place to the next level. Last year the restaurant closed the business over the winter months and a working owner may well decide not to do this.

Sales are strong (especially during the summer period) and averaged around $21,500 for the months that the business is open. There is a strong lease in place  and the rent is reasonable for such a location.

Simply stunning location

Perfectly set up for a working owner or couple

Approx 80 seats indoor and outdoor

Strong lease in place

Amazing opportunity to reinvent yourself in paradise

Opportunities like this are rare.  Yes you can buy any number of cafes and restaurants but not with this view and not in this location.

Contact me now for further information.

Reference Number: EL02580​

Nick Giles 

021 676 832

DISCLAIMER 

Note: Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business. Please contact the broker for further details.

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Link Business Broking Ltd
For more info
Contact: Nick Giles

Nick Giles

021 676 832
Link Business (Ellerslie)
Licensed REAA 2008
Broker Ref: EL02580

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