The recipe for success in a hospitality business is all about the key ingredients. A prime location is paramount, and in this instance, you would be hard pressed to find one better. Parking is at a premium every evening after 5pm as hungry hoards flock to this location to sample the hospitality offerings in this block.
There is no need to fork out a fortune for a new fit-out and equipment as that's already all here. The current offering includes a popular karaoke bar and Chinese restaurant. Very popular for groups looking for an entertaining night out. Sales are attractively split evenly between bar and food.
You could continue with this recipe or add your own ingredients and allow the offering to once again rise to the top.
Either way, the current fit-out will reduce all setup costs and will put you in the right location to make that dream work, whichever way you choose.
The owner is looking to retire and also owns the land and buildings. These are also available for purchase or lease terms can be negotiated.
There is a real opportunity to develop this business into one of Palmy's finest! The existing customer base will help towards bringing a fresh view of the restaurant/bar as it is already known as one of Palmerston North's most iconic socialising spots.
If you are ready to cook up your own recipe for success, please get in touch, and let's see if we can help you make it happen at this fantastic spot.
Call Steve Davey today - 027 257 6856.
Price $250,000 + estimated stock value $20,000
|Location||Palmerston North, Manawatu / Wanganui|
|Region||Manawatu / Wanganui|
|Agency reference #||30640|
|Price||Asking price: $250,000|