Suburbia is one of Dunedin’s more popular night spots. Right in the heart of the CBD on the edge of the Octagon. This managed, multi-level venue has traded very well over the last decade and has become almost an institution with the student population. Producing solid returns over $100k managed.
The current vendor has very much enjoyed his experience and the wonderful customer base that has been developed over the years, however due to a now desired change in circumstances, it’s time to hang up the speed opener and enjoy a, slightly, quieter lifestyle for a while, and some time to focus on other projects.
With a solid footprint at aprox. 250 square meters, over two floors, a fully functional kitchen, great upstairs bar space, and multi zones downstairs, this is a high-capacity venue with the ability to generate high turnover. This is a venture for a seasoned, highly experienced operator, with a proven track record in owning/operating similar styles of venues and ideally is not for the first timer without a level of support structure involved.
The current vendor is ready to move on and with that in mind, is motivated to negotiate if required, but keen to see a good operator take this venue that holds good memories, forward to reach new goals.
These central city sites rarely become available, and this venue will be in high demand as large capacity venues in Dunedin are scarce. With a continually growing city, the scope for more venues continues to develop.
With significant supply agreements, a quality landlord and long tenure lease in place, there is the opportunity to re-work the space and jump on the exciting acceleration that is happening with the Dunedin local economy.
Due to commercial sensitivity, no information will be forwarded until you have spoken with our broker. To register your interest, complete the confidentiality agreement and our broker will be in touch to arrange an appointment.
Price $250,000 incl. stock
Contact Jace - 021 969 979.
