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DealProspect/Listings/Hospitality & Tourism

Bar & Entertainment Venue, Whangārei

Bar

ActiveHospitality & TourismNorthlandB2C
Asking price
$320,000
Disclosed · NZD
Revenue (est.)
~$641,026
Estimated · comparable listings of this type and size
Earnings (est.)
~$147,493
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~2.2×
Assumed · asking ÷ estimated earnings (as advertised)
Brief
  • Well-known hospitality and entertainment venue in central Whangārei with a bold brand and loyal following.
  • Rare 3:00am weekend licence allows the venue to capture valuable late-night trade after many other local bars have closed.
  • Attracts customers across the full evening, from food, drinks and live entertainment through to a strong late-night crowd from around 11pm.
  • Established food, beverage and entertainment offering with documented systems and procedures and flexible beverage supply arrangements.
  • Two owners currently work a combined 30 to 35 hours per week, with room for a new owner to build on trading days, food service, private functions and the event calendar.
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