Bar and Function Venue Prime Location For Sale

Business description

UPMARKET BAR AND FUNCTION VENUE CENTRALLY LOCATED IN NEWMARKET, AUCKLANDS PREMIUM RETAIL SUBURB. www.soireefunctions.co.nz Fully licensed food and liquor till 3am 7 days. Approx 90m2 plus courtyard which complies with NZ smoking laws. Superbly fitted out circa 1930's with marble bar top, chandeliers, dance pole, $20k sound system, digital TV with projector and screen, harlequin tiled floor to name but a few!! All chattels only 2 years old. Vendor is moving back to UK for a few years and is very motivated to sell!! Only $135k NZD serious buyers only please. Rent is $45k plus gst @ 12.5% NZD long lease available as per landlords terms and conditions.

Property information

Real Estate:

Lease

Lease terms:

New lease available 3 years with right of renewal for another 3 (3x3x3) as per landlords terms and conditions,

Location:

3a york street which is centrally located in high foot traffic area with a large 24hr car park opposite. Off Khyber Pass Road (main route into newmarket) two streets back from Broadway, Aucklands premium retail area.

Other information

Expansion potential:

There is space available next door if you wanted to extend.

Competition / Market:

No threats from competetion as it is the only bar of it's kind in the area, on one side there is a large American style chain restaurant, Lone Star and on the other side is an English style chain pub, Cock & Bull. A stones throw around the corner on Broadway there are several other restaurants tex mex, italian, japanese, thai, indian, chinese, another tavern, middle eastern, 2 large movie theatres.

Support & training:

4 weeks

Reasons for selling:

Venue is currently doing functions only mainly on friday and saturday nights, so it is not his primary source of income. Vendor has other business interests which are taking him overseas in 6-9 months time.

Trading hours:

Mon-Sun noon till 3am

Furniture / Fixtures value:

$100,000

Inventory / Stock value:

$6,000

Contact the seller

For more information about this business for sale, click the Contact Seller button.

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