The business is on the Beach, located on the South side of the Island of Rarotonga, Cook Islands and is absolutely beachfront affording fantastic sunsets over the lagoon and ocean. Serving lunch from 11 am - 2.30 pm daily and A La Carte Dining from 5.30 - 9.00 pm. It also offers a Pizza eat-in or takeaway menu for lunch and dinner. Our menu offers a wide range of choices from fresh local fish to New Zealand meat and pork, with vegetarian choices—a comfortable fully licensed bar with bar seating and tables on the deck. Seating is approximately 50 inside and 50 outside on the beach. The business caters for private functions, birthdays, weddings etc. Offering a pickup and drop off service on request. The business provides an ideal lifestyle, allowing for continuation in the present format as well as providing the opportunity to expand into a variety of different areas. The owners are retiring.
- Asking Price:
- $800,000 (NZD) Furniture / Fixtures included
- Sales Revenue:
- $1M - $5M (NZD)
- Cash Flow:
- $500K - $2.5M (NZD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
20 years
- Leasehold Rent:
-
$57,500.00 per annum
- Location:
-
Located on the South side of the Island, right on the beach
- Premises Details:
-
Completely re built in 2014 with new kitchen, tables, chairs. A beautiful Noa wood bar and large function table.
- Planning Consent:
-
Approved
Business Operation
- Expansion Potential:
-
The business has huge potential for growth with the introduction of weddings, private functions and outside catering
- Competition / Market:
-
Not many fine dining restaurant on the island, and these are at the other side of the island.
- Reasons for selling:
-
Owners wish to retire
- Trading hours:
-
Lunch from 11am - 2.30pm Dinner 5.30 - 9 pm
- Employees:
- 10
- Years established:
- since 1977
Other Information
- Support & training:
-
1 Month handover with one of the owners
- Furniture / Fixtures value:
- $300,000 (NZD) - included in the asking price
- Website:
- Login or register to view link
- Relocatable:
- This business can be relocated.
