North Shore Pub. Strong History. $2m Sales. $470,000 Profit!

This is a the quintessential ‘local pub’.  A place for regulars.  A place to meet friends, A place for a cold one. A place for honest pub grub!

It’s a super solid business that rode through covid well and has emerged as strong as ever.  Sale are an impressive $39,300 per week on average and there is a whopping $470,000 here as a surplus to a working owner.

The business is run under management (operationally) and the current owner enjoys a managed profit (EBITDA) of around $412,000.  That’s a very healthy 33% Return on Investment! The current owners have been custodians for the last 22 years and the business has served them exceptionally well.

The business is run by a strong Manager and there is a good team in place and a full-time crew in the kitchen. There is a strong lease in place and the rent is a mere 4.7% of sales!

BUSINESS HIGHLIGHTS

• Fantastic location in a strong North Shore suburb
• $39,300 a week in average sales
• Over $470,000 surplus here for a working owner
• Lease until 2035
• Rent a low 4.7% of sales
• Long history and current owner for over 20 years

If you are looking for an easy to run, solid pub business that does what it says on the tim – well, this is it! The owner is willing to give good support to a new owner and this one is priced well.

 Asking $1.25m plus stock

***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