Restaurant & Bar, Hanmer Springs

Restaurant & Bar, Hanmer Springs — Hospitality & Tourism · Hanmer Springs · Asking $249,999+

Highly regarded restaurant and bar on the main avenue in Hanmer Springs, in a character-filled building with a long lease to 2035 Mostly staff-managed, trading only in the evenings, with an award-winning chef in place High average spend per person and consistent returns from a loyal local and visitor customer base Striking indoor and outdoor seating, well-equipped kitchen and good car parking…

DealProspect/Listings/Hospitality & Tourism

Restaurant & Bar, Hanmer Springs

Restaurant

ActiveHospitality & TourismCanterburyB2C

Find funding for this deal →View original listing ↗

Asking price

$249,999+

Disclosed · NZD

Revenue (est.)

~$896,697

Estimated · comparable listings of this type and size

Earnings (est.)

~$174,483

Estimated · comparable listings of this type and size

Implied multiple (assumed)

~1.4×

Assumed · asking ÷ estimated earnings (as advertised)

Brief

Highly regarded restaurant and bar on the main avenue in Hanmer Springs, in a character-filled building with a long lease to 2035
Mostly staff-managed, trading only in the evenings, with an award-winning chef in place
High average spend per person and consistent returns from a loyal local and visitor customer base
Striking indoor and outdoor seating, well-equipped kitchen and good car parking
Hanmer Springs attracts upwards of 500,000 local and international visitors each year

Restaurants in Canterbury

All 15 →

Listed

+1 in 30 days

Median asking

$249K

12 priced

Median revenue

$894K

6 disclose

Earnings multiple

2×

64 listings

Time listed

37d

5 tracked

Price drops

in 30 days

Asking price spread12 of 15 state a price

This listing · $250K

58%

33%

$100K–$250K$500K–$1M

Victoria 327 · Queensland 115 · New South Wales 101 · Auckland 53 · South Australia 29 · Western Australia 21

Motels 10 · Cafes 8

Priced like this one

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