Waterfront Drive, Mangonui
$330,000 + Stock (and GST if any)
Step into a proven earner with this prime waterfront hospitality opportunity. Located in the busy holiday hotspot of Mangonui, Jesse’s on the Waterfront Cafe & Bar is a local favourite generating a solid annual turnover of nearly $1.0 million p.a.
The hard work has already been done for you. The current owners recently injected significant capital into top-tier upgrades, giving you a massive, expanded commercial kitchen with seamless stainless steel benching, a brand-new electric pizza oven, and completely renovated bathrooms. This turnkey asset is perfectly suited for either an ambitious investor or an owner-operator wanting to take the reins.
Business highlights:
·Prime Waterfront Position: Unbeatable high-visibility location on Waterfront Drive with a fantastic outdoor deck.
·The Best of Both Worlds: A cherished staple for the locals, while simultaneously capturing the high-volume, booming tourist trade in a busy holiday space.
·Strong, Diversified Revenue: Generates a consistent, good annual turnover with an all-day menu, busy bar trade, and a thriving takeaway stream that currently makes up 20% of sales.
·Great lease in place to 2031 which can be extended
Live the coastal dream while acquiring a profitable, fully updated asset.
Contact us today to learn more.
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