AD ID: 124099

Coastal Sports Bar for Sale Coromandel

Location:
Asking:
$540,000
$540,000 + Stock
Type:

Profitable Coastal Sports Bar with 18 Gaming Machines

Coastal Sports Bar for Sale Coromandel

Why buy this Coastal Sports Bar Business

Coastal Sports Bar for Sale Coromandel

Are you looking to own a thriving hospitality business in a sought-after coastal location? This well-established sports bar offers an incredible opportunity to invest in a profitable venture, set in a prime area known for its beautiful beaches and vibrant community.

Business Highlights:

- Strong Financial Performance: Potential profit for one working owner is estimated at $171,774 based on FY24 financials provided by the vendor.

- Consistent Revenue from Gaming: 18 gaming machines generate Gross Machine Profit (GMP) between $25,000 and $30,000 per week.

- Growing Bar Sales: Vendor reports weekly bar sales ranging from $10,000 to $12,000, with potential for further growth.

- Fully Managed Operation: Business is currently fully managed by staff, offering a hands-off opportunity for the new owner.

- Spacious Venue: The large premises are ideal for hosting big functions and events, adding another revenue stream.

- Additional Income Sources: Income is also generated from pool tables and a self-service TAB terminal.

- Kitchen Potential: The bar features a fully functional kitchen, currently operating below capacity. When previously utilized at full capacity, food & bar sales exceeded $15,000 per week. This presents a significant opportunity for an experienced hospitality operator to expand the food service and further increase revenue.

This is a rare chance to own a profitable and well-loved business in a desirable coastal town. Contact us today for more information or to arrange a private viewing.

Asking Price $540,000 plus stock

Please complete the online confidentiality agreement by visiting the link - https://www.kauribusiness.co.nz/business-for-sale/142/

Post executing the NDA, we will be in touch to understand your business experience and financial position.

Khushdeep Sharma
khush@kauribusiness.co.nz
Mobile: 022 373 8555

Kauri Business Sales (Licensed REAA 2008)

Property Code: 142
For more info Contact:

Khushdeep Sharma

Kauri Business Sales
Licensed REAA 2008
Broker Ref: tiaki_83_122
Tiaki Capital Limited

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