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Absolute Beachfront Restaurant For Sale
Location: Cook Islands -> Rarotonga
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Absolute Beachfront, the Vaima on the Beach restaurant is located on the South Side of the Island of Rarotonga, Cook Islands, South Pacific. Serving Lunches from 11 am - 2.30 pm then A La Carte Dinner from 5.30 pm - 9.00 pm. Also offering an all day Pizza take away or eat-in menu. Seating is approximately 50 inside and 50 outside on the beach where our guests can watch the stunning sunsets over the lagoon and ocean. Catering for weddings and private functions. A comfortable beautiful Noa wood bar and function table were specially built, with bar and deck seating. The bar offers local beer and exciting coktails with a ''Top Shelf''fine whicky selection (the owners are Scottish). The business provides an ideal lifestyle, allowing for continuation in the present format as well as providing the opportunity for expansion. Customer feedback via Trip Advisor is generally high with the Vaima receiving the Trip Advisor Excellence Awards for the past several years and also The Hall of Fame. The owners now wish to retire after being in business on the island for the past 20 years. Asking price is New Zealand Dollars $950,000.00 + VAT. Please e-mail the above or call Cook Islands + 682 70059 or + 682 70059 for further details.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,300,000
Cash Flow:   $250,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $300,000
Seller Financing:  No

About The Business

Year Established:  1976
Number of Employees:  6 - 9
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  1 Month Hand over with owner
Reason For Selling:  Need to retire!




Print Listing Id: 700341911
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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