Priced to Sell $752,000 plus stock and GST

The Rivers needs no introduction among Gisborne locals. Having established itself as a local icon that has been extremely successful over the past 15 years, the Rivers has been the destination of choice for both locals and tourists who enjoy great food and an even better atmosphere.

The business enjoys a steady flow of customers that walk through the door and this is well supported by weekly and monthly revenue numbers. Recently the owners have altered the opening hours of the restaurant from 7 days a week down to 5. This has given the owners a far better work life balance and has had very little impact on the operating profitability of the business.

With a distinct Irish 'flavour', the venue is well established with an atmosphere that is second to none, and the menu on offer is always well received.

With strong, stable revenues, exceptional cash flow, and a loyal customer base, this business makes great buying. At $948,000 plus stock and GST (if any) it is most certainly priced to sell. At this price, using the FY2022 results as a guide, this would generate a circa 38% return on your investment.

The current owners are willing to assist to make the transition as seamless as possible. Call today to discuss the options and make this iconic local business your own.

For further property information and direct document downloads please visit www.rwgisborne.co.nz/GIS30996

Agency reference #: GIS30996