Food And Music Great Wanganui Cafe For Sale

Business description

The Location:

This cafe is located on the main road into Wanganui's central business district from Palmerston North and Wellington. It is well located in the centre of town with the City Council, Government Departments, and the Visitors Centre all close by. Wanganui regularly holds events that bring visitors to town. There are several bars close by that could provide evening clientele if new owners wanted to extend the existing hours.

The Venue:

This well known cafe and restaurant has been around for many years. It's housed in an historic building providing two dining areas, plus a lovely sheltered courtyard. The current layout provides seating for 55, including outdoor seating, but could easily add additional seating.

The current owners have hosted Opera singers and other musicians, and they have all commented on the acoustics of this building. The decor includes 50's and 60's Formica tables - all familiar for our childhoods. The owners have recently added a great collection of retro Music poster around the walls, which are proving really popular with regulars and visitors alike.

The Business:

The current hours are Monday to Saturday, 7.30 am to 4.00 pm. Monday to Friday is very steady with office workers and tourists. Opening Sunday for brunch, and evenings Friday and Saturday, could provide good options for growth.

The rent is reasonable for its location. The lease is renewable in June for three years, with a further right of renewal in June 2012.

The plant (valued at approx. $65,000) consists of two restaurant ovens, double door fridge, two microwaves, Wega two group coffee machine and grinder, under bar drinks cabinet, under counter freezer, upright drinks cabinet, all tables and chairs, kitchen appliances, cutlery, glasses, crockery. The storage room has a chest freezer and fridge. Full plant list is available. All equipment has been well maintained and the Cafe has an 'A' grade hygiene rating.

Business Broker's Comments:

This is a good opportunity for a capable operator or working couple to build on the reputation established by the current owners. There is scope to extend the opening hours and seating capacity to add additional revenue.

The Music theme could be developed further by displaying additional memorabilia and hosting music groups and clubs.

Steve Swann is the Specialist Hospitality Business Broker that is acting for the Owner of this property. He is happy to discuss this property's details at any time, please refer to the contact details on this page.

Property information

Location:

This cafe is located on the main road into Wanganui's central business district from Palmerston North and Wellington. It is well located in the centre of town with the City Council, Government Departments, and the Visitors Centre all close by.

Other information

Reasons for selling:

The owners are looking to travel again

Trading hours:

The current hours are Monday to Saturday, 7.30 am to 4.00 pm. Monday to Friday is very steady with office workers and tourists.

Opening Sunday for brunch, and evenings Friday and Saturday, could provide good options for growth.

Furniture / Fixtures value:

$65,000 (included in the asking price)