Restaurant/Café, New Regent St. Fabulous!
Hospitality Hotspot for Sale Christchurch
'Story' by night, 'Central Deli' by day is on the market for the first time in 7 years!
Deadline Sale, 5th December 2024, 4pm unless sold prior.
Central to our vibrant hospitality scene here in Christchurch, 'Story' has been a popular New Regent Street restaurant dining option for locals and visitors. Over the last year, it has gained even more popularity during the day as 'Central Deli', the place to go to get delicious gourmet sandwiches
The day night trade has two very distinct offerings and from an operational perspective, it makes for an efficient, low overhead, high profit, easy to manage business. Here are just some of the highlights:
• Surplus over $200,000 to a full-time working owner (currently fully managed)
• Huge social media following
• Rent to revenue ratio less than 5%, so low risk
• Wages only 35% fully managed!
• Great systems in place, the owner is happy to ensure a seamless handover
• Further room for growth
• Open 7 days for lunch and only 5 days for evening dining but it is not open continuously so there is downtime which is rare in the hospitality industry! However, if your objective is for further growth there is certainly room for it in this business.
Christchurch CBD is about to have several key commercial and anchor projects completed in the next 12-18 months. One being the nearby Court Theatre which has an opening date in May next year. We also have a new Stadium under construction, more direct flights into Christchurch Airport and Cruise Ship tourists about to flood into the city for the summer.
This business is perfectly located to benefit from increased visitors and footfall. Don't delay, call today as this is being sold by Deadline sale.
Price on Application
