Popular Bar & Restaurant for Sale Napier

Description

Business type: bar and restaurant

Location: coastal township, Hawke's Bay, New Zealand

Current status: established operating business

Operating model: staff-managed hospitality business

Financial information

Average weekly revenue: approximately $38,000 to $40,000

Staff-managed annual profit: approximately $340,000

Margins: stated as solid

Beverage margins: stated as high

Owner-operator profit optimisation: possible according to the source

Customers and market

Local customer base: established

Tourist trade: stated as consistent throughout the year

Foot traffic: stated as high

Site visibility: stated as strong

Brand presence: stated as strong

Revenue channels

• Food sales
• Beverage sales
• Cocktail sales

Beverage sales: significant revenue contributor

Premises

Setting: coastal

Interior design: contemporary

Layout: flexible

Casual dining: supported

Premium dining experiences: supported

Seating capacity: more than 200 guests

Seating areas: multiple

Licensing

Liquor licence: in place

Licensed trading days: 7 days per week

Licensed trading time: until midnight

Lease

Lease term: long-term

Lease terms: stated as favourable

Rent: fixed until July 2041

Staff and operations

Experienced team: in place

Current management model: staff-managed

Ownership transition: supported by existing team

Operating setup: turnkey

Expansion options

• Increase owner involvement
• Optimise operating margins
• Expand premium dining activity
• Increase beverage and cocktail sales
• Increase utilisation of existing seating capacity
• Build on tourist demand

Potential buyers

• Owner-operators
• Hospitality investors
• Existing bar and restaurant operators
• Licensed venue operators
• Strategic hospitality buyers