Business For Sale

(BISINZ*)   AVERAGE TURNOVER LAST THREE YEARS EXCEEDS $565,000.00 (NET)

A MUST SEE FOR PURCHASER AND A MUST SELL FOR VENDOR !

URGENT SALE due to extreme ill-health of Vendor. All serious and sensible offers will be considered..

Golden opportunity in the town of gold, Thames.
Fully licensed restaurant (Established in 1969).
Capacity 90 persons plus;separate bar area.
Reputation in excellence spanning 38 years.
Current lease payment = $46,187.00 plus GST per annum.
Final expiry date of lease is May, 2021.
Next rent review is May, 2011 [ 2 yearly rent reviews ]
LEASE INCLUDES spacious 2 bedroomed flat above Restaurant.
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The Old Thames Restaurant, established in 1969, is being marketed for sale at a negotiable price of  $150,000.00  plus stock.[ Leasehold Going Concern }

' The Old Thames  ', enjoys iconic status in the region and is reputed to be the longest consistently run Restaurant on the Coromandel Peninsula. It is regarded by regular tourists and locals as a fine example of ‘good old-fashioned friendly service plus value for money’.

With it's oustanding location on the main street right opposite the cinema as well as being close to local council buildings, the Restaurant is exposed to an excellent level of foot traffic, which swells to ‘carnival’ level with the Saturday morning markets and/or central town festivities that dominate the summer season.

The Restaurant has a current capacity of 90 with multi-dining areas available, this provides privacy for special events/group bookings.  Additional to this, there is a welcoming pre-dinner drinks area complete with its' own rustic gold digger style bar.

There is ample street parking in front with additional parking on-site at the back for Restaurant patrons.

The Restaurant has a full liquor license, which permits the holder to trade 7 days per week from 7am to 1am the following day, if so required.  The restaurant is currently open 7 days per week, evenings only.  The current owners, who are semi-retired, have chosen not to trade throughout the day, although there is clearly a demand for all-day service from business people and main street shoppers/tourists.

The kitchen is unusually large by today’s standards and is well equipped with good preparation, plus storage areas.  The service flow from the dinning area through to the kitchen and back out into the bar area is excellent, and provides a relaxed working environment for staff.  The kitchen has ample mise en plas refrigeration as well as a substantial walk-in chiller.

Staffing currently consists of 3 cooks plus kitchen hands.  Additional to this there are approximately 5 waiting staff [casual ]  Overall management is the responsibility of one working owner.

The theme of the Old Thames Restaurant is focussed on the gold mining history in the area resulting in the restaurant being decorated with many interesting historic photographs of days gone by complimented by wagon and gold digging relics.  Visitors/tourists relish these displays.

The Old Thames Restaurant would ideally suit either an investor that wanted to put a manager/chef on site ; or an enthusiastic couple who can see the advantage and potential additional income by living on site and working the business primarily themselves, assisted by a few casual kitchen/waiting staff.