Business for sale Auckland

Posted by Chrissy

May 4, 2012

Tapas and Wine Bar with relaxed intimate atmosphere offering Asian and Kiwi influence tapas with a diverse wine list with a strong New Zealand presence. The decor is stunning and all the hard work has been done leaving an opportunity to enter the hospitality industry in one of Auckland’s very best locations.

Genuine business buying opportunity!

Business Philosophy: Founded on a philosophy of social and approachable fine dining with an emphasis on fresh and high-quality products, they offer a true spanish-style tapas menu that’s heavy on flavours and variety.

Business operating hours: Currently this business operates from 4pm daily 6 days a week, but could open during the day as in a prime location. There is the opportunity to trade the business during the day.

Tapas & Wine Bar fit-out: The fit-out is of the highest standard and cost approx. $250,000 to set up in 2011. The lease commenced in February 2011 and expires in February 2020 if the rights of renewal are exercised. Current lease term is 3 years with two rights of renewals of 3 years)

The modern kitchen could be used for out catering for businesses in the area and the complex is perfect for small functions.

Weekly turnover: The business is currently turning over approx $15,000 per month, so a great base to work from for a new buyer to take this business to the next level or add additional concepts this upmarket and expensive fit-out.

Rental: The base rent of $38,000 plus outgoings per the lease of another approx. $10,000 shows a total occupancy cost of approx $48,000 per year. This includes 2 car parks in the complex.

Don’t miss out on further investigation of this business for sale!

Contact Adrian now as he is happy to answer your questions about this sale.

Business Broker contact details:

Adrian Chisholm AREINZ
Principal Officer
M: +64 21 727 888
O: +64 9 523 3536
F: +64 9 523 3543
E: adrian@tourismproperties.com
PO Box 109-452
Newmarket 1149
Auckland

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