Listing #:1688743794

Cash Cow in Tourism Hub

Location: Rotorua, Bay Of Plenty
For sale here is the Lone Star Café and Bar situated in the tourism hub that is Rotorua.

The Lone Star has been in Rotorua since 2002 and was re-located to its current site in March 2017 and as a result has experienced substantial sales growth.

The Lone Star is celebrating its 30th year as an iconic New Zealand brand in the hospitality sector. It was created by patriotic kiwis and the brand remains in their care to this day and the future prospects for the brand as a whole are nothing short of exciting.

Rotorua currently boasts at least 3.3million visitors to the city each year and this is expected to grow exponentially over the coming years. This café is situated in the hub of the city's dining precinct with views of the Lake and reserves and is directly opposite one of Rotoruas largest Hotels.

This business is very strong financially and shows an EBITDA of $386,000.00 by just principally doing dinners. We currently just do lunches at the weekends so there is scope to expand that and could even consider breakfast options.

The current owners have had the Lone Star for 13 years and have got themselves completely surrounded by fantastic Managers/Chefs and Floor Staff that would make any transition into new ownership painless.

The Lone Star Franchise Company would offer any new owner a complete training package and being a franchise there is continual support in all areas of the business including Marketing, Kitchen Operations, Front of House and Admin. You also get the benefits of a group buying situation and brand recognition.

This Lone Star can seat around 200 at a time in its 550sq/m premises. This includes a function room that can seat 90 people and two sunny decks.

For any further information you can contact the owner directly on andya@lonestar.co.nz or on 021 741 623.

To receive a more detailed information package a confidentiality agreement will be required.
Price on application
Listed: Thu 5 Jul, 1:23 pm
Seller'sdetails
ajax38 (116 116 positive feedback)
Member since Nov 2004

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Seller's details

ajax38 (116 116 positive feedback)
  • 100% positive feedback
  • Member since Nov 2004

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