The Rivers - Pub & 9x Gaming Machines

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

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