The Rivers - Pub & 9x Gaming Machines | ABC Business

The Rivers - Pub & 9x Gaming Machines

$1,100,000 - Gisborne

Industry: Restaurant

#33337

Large pubs like this rarely come to market, especially ones with annual sales consistently exceeding $2 million (ex. GST). Recently those sales have been increasing with weekly sales around the $53k (incl. GST) mark, and it doesn't seem to be slowing down now that certain government mandates were dropped.

Rental on the premise is only $69,000 (ex GST) per annum, equaling around 3% of sales, and a working owner or couple can look forward to a cash surplus of about $350,000.

A massive bonus is the nine gaming machines, which go a long way toward covering the rent on the property.

The vendors decided for their own lifestyle choices to run the business more like a restaurant, opening at 11 am and closing around 9:30 pm. Herein lies an opportunity for a new owner to extend the operating hours and increase the beverage sales whilst still retaining what makes this business so successful and increasing revenue at the same time.

Business Highlights:
- Annual Sales consistently exceed $2 million per annum (ex GST)
- Surplus of about $350k to a working owner or couple
- Rental of only $69,000 annually
- 9 x gaming machines
- Prime location in the heart of Gisborne
- Strong team in place
- Vendors will give good training & handover period.

Do not miss this opportunity, get in touch with Jeff - 021 555 384 or James - 029 770 4576 today.

Price $1,100,000 + stock

If you would like to receive any further information regarding this sale, please complete our online confidentiality agreement.
Copy and paste this link into your browser: www.ds4u.cc/abc?ref=33337

To obtain more information click here to complete a confidentiality agreement Need business finance? Click here to contact the team at the Loanary

Location: Gisborne

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Our brokers

Jeff Wiley

021 555 384

Jeff Wiley

021 555 384

Contact Jeff

James Sheppard

029 770 4576

James Sheppard

029 770 4576

Contact James

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