Iconic K’Rd Site for Restaurant, Bar or Club
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About this business for saleIconic K’Rd Site for Restaurant, Bar or Club
Truly an iconic site with a huge history. In recent times it has been run as a restaurant, bar and live music and entertainment venue.
- Strong lease to 2030
- Lots of history on this site
- Excellent level of fit-out. Asset value $350k plus
- Could be a restaurant, a bar, a live music venue, a nightclub or a combination of all of these!
The current owner has achieved sales of around $1m ex GST over the last 12 months, but he has several other businesses, is not present at all in this one and feels that someone else should take the site over and focus on growing something special here.
You will need some hospitality experience or at least a strong desire to succeed and to create something special. You can keep the bones of the current concept, but you will probably add your own flair and direction.
The asking price is extremely realistic at $199,000 plus stock.
+64 9 555 6039
+64 21 676 832
*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.