This is an opportunity to acquire an established, high-profile restaurant with a solid reputation for quality and consistency. Operating for 10 years in Timaru, the business has developed efficient systems and processes to ensure continued profitability.
The restaurant and bar is in its prime and set to continue growing in new hands and is in a unique market position. With long term and extensive investment being made in and on the business, including on its professional team. They are polished, not posh and have an image of warmth and class.
The size strength of this market has seen the business maintain its financial stability, year on year - throughout COVID and into 2023, with strong future bookings. There has been no financial downturn in the business. The diverse market includes various groups with discretionary income making it more resilient in the current climate, predominantly 55+ mortgage free customers, corporate clients and tourists. There are solid avenues for business growth for the new owners.
With a reliable customer base, and consistency of turnover during the past 3 years with almost a 24% increase in turnover in the last financial year 2023. This is an excellent return on investment with opportunities for even more growth.
This is an opportunity you don't want to miss out on.
Contact Mark Talbot - 027 204 3625 today.
Price $695,000
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