Matisse Wine Bar and Wine Shop is for sale

Whether you want to acquire Napier's only wine bar and adapt its business model, or you're searching for a hospitality hotspot to call your own without shelling out a fortune on a fit-out, this is a fantastic opportunity. Here’s why:
Central Napier CBD location. Huge outdoor area. Massive premises. Endless opportunities.
Very competitive rental conditions. Predictable annual increase of 3%. Lease rights until 2034.
A high-end fit-out that will be yours. That includes everything - top to bottom.
The premise has two licenses: an ON license and an OFF license, enabling you to operate the wine shop, which generates additional cash flow.
The current seating area accommodates 70 patrons indoors and 40 patrons outside. There's an opportunity to expand the seating area by utilising the mezzanine space or converting the wine shop area into additional seating or private dining space. The official indoor capacity is 180 patrons.
The kitchen includes a walk-in chiller, a dry storage room, two ovens, a fryer, and a gas-target cooktop. Its size is perfect for a bar or pub-style food, but it could be expanded to meet restaurant needs.
The bar area features two cocktail stations, two wine fridges, a temperature-controlled wine cellar that holds 600 bottles, and a sparkling water machine.
If you are interested in adopting the business model and continue the business as a wine bar, here is some financial info:
The bar has been operating for seven years, developing a solid local customer base and earning a fantastic reputation.
Before the 2023 Cyclone, the business was generating $200,000 in annual profit (open five days, afternoons only). We'd be lying if we said it hasn’t decreased since then. However, the potential has been demonstrated.
The wine shop provides solid cash flow. However, it has never been a focus, so it could benefit from further development.
The sale is due to the business owner needing to return to their home country for family reasons.
For viewing
David 021 0808 2222 hello@matissebar.com