Lone Star Queenstown

Lone Star Queenstown officially opened in November 1991, and has had only two owners since its inception. A beloved local institution, it has consistently generated turnover exceeding $2.6 million (including GST) for extended periods.

There is substantial potential for growth, including significant opportunities for future expansion in the Queenstown area.

The restaurant is a popular destination for both locals and visitors, including tourists, school and tour groups, sports teams, and those seeking a venue for celebrations. It features two versatile function spaces, making it an ideal location for weddings, birthdays, large dining groups, and events. Lone Star Queenstown is one of the few venues in the area capable of hosting large-scale functions.

Due to significant personal changes for the current operator, marketing efforts have been minimal since the COVID-related shutdown. The opportunities for a motivated new operator are significant.
Prior to the pandemic, the restaurant operated with extended hours, including lunch service, and saw higher utilisation of its bar areas.

Key Attributes:

• A proven and efficient operating model
• Efficient management and maintenance of labour and food costs within budget
• Renowned for the overall dining experience and customer satisfaction
• Opportunity to open a second restaurant in Frankton
• Two designated function spaces in Central Queenstown
• Pre - COVID consistently turning over $2.6M - $2.8M (incl GST).

Year to date is showing increased profits from the previous year

Price on Application

Contact Greig today - 027 726 3631.

For further information regarding this sale, please complete our online confidentiality agreement. Copy and paste this link into your browser:www.ds4u.cc/abc?ref=35470

Agency reference #: 35470