Modern Gastro Bar located in a prime Queenstown location

Ideal 60/40, food/beverage split with very high margins. Rare opportunity in ideal location close to Queenstown Airport with little competition.

Take the back seat and enjoy the ride making 300k+ or jump in yourself to make even better profits by making the most of massive growth in this location. This area also enjoys future growth with planned new hotels and other visitor attractions.

Very little competition, lot of car parks, with a good mix of locals, tourists, and foot traffic as well as staff of all the neighbouring established and popular businesses. Guests can enjoy a modern hospitality layout with awesome mountain views and fantastic outside courtyard.

A fully trained and stable team plus the entire premises have been fully renovated including most of the equipment. Very supportive and well aligned suppliers are established with the business. The food and beverage costings are allowing for a 70%+ margin on all items. Newly developed relationships with tour group companies and neighbouring hotels have been established recently leading to increased revenue this summer.

A breakfast menu has just been added to the operation with the opportunity to enjoy longer trading hours to take advantage of the coming season.

Liquor Licence Trading hours as follows;

Inside Area: Monday to Sunday 10.00am to 12.00am Midnight
Outside Area: Monday to Sunday 10.00am to 10.00pm

The vendor is motivated to sell to free up capital for other business and property projects. This bar would make a perfect addition to an existing hospitality portfolio, or a superb owner operated business.

Opportunities like this in such a prime location do not come up every day so we encourage you to contact Adrian today.

For further information contact specialist Business Broker Adrian Chisholm, AREINZ, on 021 727 888 or email adrian@tourismproperties.com.

Agency reference #: 69107