Bar, Tavern & Restaurant for Sale Auckland CBD

Description

Business type: pub and tavern

Location: CBD, New Zealand

Current status: established operating business

Market area: historic hospitality and nightlife precinct

Operating history of precinct: dating back to the 1920s

Financial information

Current weekly sales: approximately $25,000 including GST

Lease

Annual rent: $130,000 plus GST

Alternative rent structure: 9% of turnover

Rent payable: higher of annual base rent or 9% of turnover

Lease structure: 6 years plus 6 years

Licensing

Liquor licence: tavern licence

Licensed trading hours: 8:00 am to 4:00 am

Tavern licence availability: stated as rare

Premises

Seating capacity: approximately 84 patrons

Beer taps: 28

Walk-in chiller: in place

Keg storage: supported by walk-in chiller

Full extraction: in place

Gas infrastructure: in place

Supplier arrangements

Solus agreement: none

Supplier selection: flexible

Customers and market

Foot traffic: stated as strong

Nightlife presence: established

CBD location: prime

Revenue channels

• Beer sales
• Other licensed beverage sales
• Daytime trade
• Evening trade
• Late-night trade

Potential buyers

• Owner-operators
• Pub operators
• Hospitality groups
• Bar and nightlife operators
• Strategic hospitality buyers