Profitable Coastal Sports Bar with 18 Gaming Machines
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.
