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*** SOLD ***
4th Avenue Eatery & Bar Waiheke
Listing: #18554
Nick Giles
Broker | Auckland - Ellerslie
This listing is no longer taking enquiries as it is SOLD
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About this Business for sale in Waiheke Island
4th Avenue Eatery & Bar WaihekeA simply stunning location and a wonderful opportunity awaits. For sale is the 4th Avenue Eatery & Bar business along with the freehold going concern (land and buildings). The owners have enjoyed a magnificent lifestyle here for the last 7 years and it is now time to move on to pastures new. Located right across the road from Onetangi Beach it is one of the best performing hospitality businesses on Waiheke Island. The business comprises a café, bar and restaurant along with a thriving retail outlet selling ice creams, hats, towels and other summer essentials. There is a magnificent deck overlooking the beautiful waters of the Hauraki Gulf with seating for over 100. The entire premises was fully refurbished in 2013 and it shows. There is a wonderful atmosphere inside the restaurant with a choice of seating areas for 60 to 70 and a fantastic bar area. The business enjoys sales in excess of $1.2m per annum and shows a very healthy return to the owners. The establishment sits on a corner site of 850m2 of prime waterfront land. Do not miss out on this one. Opportunities such as this rarely present themselves. Asking $3.3m plus stock (plus GST if any)
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This listing is no longer taking enquiries as it is SOLD
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.