Restaurant for Sale in Prime Gisborne Location

Own The Works Restaurant, a popular dining spot in the heart of the Inner Harbour. Known for its great food and welcoming atmosphere, this restaurant is a favourite among locals and tourists. With a strong reputation and loyal customers, The Works Restaurant is ready for new ownership.

Key Features:
- Prime Location: Busy area with lots of foot traffic.
- Established Reputation: Famous for quality food and service.
- Loyal Customer Base: Many repeat customers.
- Fully Equipped Kitchen: All necessary equipment included.
- Experienced Staff: Skilled and dedicated team.
- Turnkey Operation: Ready to run immediately.
- Solid Lease Agreement: Secure lease until January 2026, with an option to renew.
- Maximum Occupancy: 212 guests with a license to sell alcohol 7 days a week from 10am – 2am.
- Private Function Room and Bar: Can host up to 40 seated guests and 100+ standing guests while still serving in the main dining room.

Turnover:
FYE 2023 - $1.88m
FYE 2024 - $1.76m
FYE 2025 - $1.64m

Average = $1.76m
Average spilt = Beverages 34% | Food 66%

Why This Opportunity Stands Out:
We are offering this business at a great price for a quick sale, making it a rare chance to buy a thriving restaurant below market value. With its established brand and prime location, there is lots of potential for growth.

The current owners will help with the transition and provide training and support to the new owner. Recent changes, like removing the breakfast service and reducing staff numbers, have made the business more efficient and profitable.

Interested parties can contact us for more details and to arrange a viewing:

Phone: 027 248 2116
Email: kyriakos@theworksgisborne.co.nz

This is a fantastic chance to take over a well-loved restaurant in a prime location. Don't miss out!