Heritage Building And Premier French Restaurant For Sale

Business description

For 37 years Andre Teiessonniere has been serving local and international visitors to his renowned L'Escargot Restaurant with excellent cuisine and outstanding service.

This is an outstanding opportunity for a talented Chef or dedicated "Foodie" to take their passion to the next level. This business has everything you need:

* Great Location,
* Outstanding Fitout,
* Unsurpassed Reputation.

The Fitout and Chattels in this restaurant are of a very high standard, as you can see from the Photographs. The layout is efficent but flexible; with intimate corners, room for larger groups, and the much sought after private mezzanine.

Current operating hours are evenings only, Monday to Saturday. The Restaurant is closed Sunday. This provides real scope for a new operator to increase revenues by tapping into additional luncheon and coffee trade.

The Building is on two titles and was built in 1870 and 1876 when Brougham Street was the original main street of New Plymouth. The current owner has undertaken a series of improvements in 1983, 1992, 2003, and 2006 which are detailed in the Valuation report.

This is a rare opportunity to not only purchase a significant hertage building, but also a business that makes the most of its character.

The Business could be purchased separately from the Land and Buildings (please let me know if you're interested in this option).

About New Plymouth:

New Plymouth is the major city in Taranaki, situated on the west coast of the North Island of New Zealand. It is named after Plymouth, Devon, England, from where the first English settlers came.

The city is a service centre for the region's principal economic activities including intensive pastoral activities (mainly dairy farming) as well as oil, natural gas and petrochemical exploration and production.

In 2008, New Plymouth won multiple awards as a city including: Criteria award for Community Sustainability and Gold award for (natural) community project - the Coastal Walkway

New Plymouth is also noted for being a coastal city with Mt Egmont within 30 minutes drive. Residents and visitors to New Plymouth can snowboard, ski, water ski and surf all in the same day.
Contact the Broker:

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

Real Estate:

Real Property Included

Location:

Central Business District with International Class Accomodation (Hotels) close by.

Other information

Expansion potential:

Currently only operating on evening hours six days per week. Scope to expand into Luncheon and Cafe/Coffee trade.

Support & training:

Current Owner is happy to provide full transition.

Reasons for selling:

The owner is ready to retire. He has spent the last 37 year in this business and it has rewarded him well. He now has grand-children, is looking for a well earned break and wishes to spend time with his family.

Trading hours:

6 pm until Close of Service, Monday to Saturday inclusive. Closed Sundays and Public (Bank) Holidays.

Video:

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