Very Profitable Restaurant & Bar In Te Anau For Sale

Business description

The "Fat Duck Restaurant & Bar" in Te Anau

EXCEPTIONAL OPPORTUNITY TO PURCHASE A VERY PROFITABLE RESTAURANT & BAR in the township of Te Anau

Opportunities like this do not come along to often.

Here is the chance to purchase an outstanding Restaurant and Bar in Te Anau. Arguably the best available in the area.

Located in a prime highly visible position at the entrance to the town centre just off the Te Anau/Milford Sound Highway.

The Restaurant underwent a substantial refit in 2006 and the quality of the finished design, layout and chattels has been exceptional. The Restaurant is capable of seating up to 70 diners indoors with a further 40 seats available for outdoor dining. There is the ability to section off parts of the dining area to cater for special functions or larger group bookings with the ability to still provide an intimate dining experience for couples.

There is plenty of storage available for Food & Beverage produce and the Kitchen area is large and well layed out, a delight for any Chef and his/her brigade.

There is still the potential to grow this already very profitable business. Operating hours are currently 5 days per week, Wed, Thurs & Fri from midday until 10pm approximately and Sat & Sun from 10am until 10pm approximately. Over the busy Summer Tourist season the venue is open 7 days a week. The vendors were even able to close up for six weeks over the winter allowing them the opportunity to take a well earned break.

Financially, The Fat Duck Restaurant & Bar is a very good performer with an excellent turnover and bottom line profit.

Property information

Real Estate:

Lease

Lease terms:

Five Years and nine months from 1 December 2004.

Right of Renewel - Two terms of 3 years each. Final Expiry date 31 August 2016.

Rent Reviews 3 yearly.

Leasehold rent:

$33,000.00 + gst per annum

Other information

Reasons for selling:

Concentrating on other business