Bar / Tavern
SOLD: Five Stags Whitford - Busy Tavern with No Competition
$500,000+ spent on an amazing head to toe rebuild/rebrand in 2016
Address East Auckland location available on application
Location Nationwide, Auckland - East
Sales 2018 Weekly sales average of $21,000
Asking Price $499,000 + Stock of $20,000
Listing ID KA1662
SOLD by James Ashwin
This absolutely stunning East Auckland gastro-bar is a recipe for success.
Situated on a sunny, high traffic corner with loads of car parking and no competition, thanks to holding the only tavern licence in this affluent location. Strong weekly sales with big potential to increase thanks to a large housing development underway only 250m away.
- Strong weekly sales average
- Cheap as chips annual rent
- Hundreds of thousands spent on an amazing head to toe rebuild/rebrand in 2016
- Rock solid lease in place
- Favourable brewery agreement with Lion Breweries
- Large amount of car parking right outside
- Beautiful 2 bedroom apartment upstairs available (subject to landlord approval)
Opportunities like this seldom hit the market. Give James Ashwin the hospitality specialist a call today on (021)125-6898 to discuss.
Asking Price: $499,000 + Stock of $20,000
Agency Reference: KA1662