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Iconic City Restaurant/Bar/Pub
Listing: #CS00641
Anika Gamba
Broker | Bay of Plenty
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About this Business for sale in Christchurch
Iconic City Restaurant/Bar/PubExciting opportunity in a busy Christchurch hotspot area!
This popular restaurant/bar is centrally located in a Christchurch hospitality hot spot. The atmosphere created is where people meet either for a relaxed drink with friends, to enjoy the varied menu over a long graze or to grab a bite before going to close by events.
Why buy this business:
- Popular bar/restaurant with a loyal following.
- Profit for a working owner was just over $107,000 for FY2021.
- Established brand in busy Christchurch hotspot.
- COG for FY2021 approx. 30%
- Great systems and processes.
- Great Food
- Returning customers
- Currently managed: good opportunity for investor or working owner.
- Motivated vendor: consolidating to concentrate on their careers.
This is currently a profitable managed business, with minimal involvement from the owner.
Anika Gamba, 022 560 3241, anika.gamba@linkbusiness.co.nz
***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.
#buyajob #hospitality #christchurch
*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.