Kava is a licensed café, bar and restaurant on Seddon Street, in the centre of Waihi. It is listed for sale with Lynda Smyth of Link Business Brokers who tells us “Kava Cafe is named after the Croatian word for coffee, not after the Polynesian drink. ‘Kava’ means ‘coffee’ in many Eastern European countries. It might not always be spelt ‘kava’ but that is the way it is pronounced.”
The business was established over 20 years ago. It is well known to both locals and visitors to Waihi, serving excellent coffee and good value Kiwi fare.
Kava Café, Bar and Restaurant is fully licensed every night of the week until 1am, but the current owners only open for evening dining on Friday and Saturday nights.
The business is currently based around good value, good quality classic dishes, however this business could be developed in to something more upmarket if desired. There is potential to create a wine or cocktail bar and make Kava Café and Restaurant more of an evening social destination.
Start your property search
There are many alternative ideas for refurbishing and developing the licensed restaurant, with very little competition in Waihi.
The business is well situated on the main road of Waihi, with excellent foot traffic and a small deck beside the pavement. It has produced a good steady profit for the owners over the past ten years.
The café has seating for 40, with a separate upstairs area set up for families with young children. They serve small functions such as birthday parties and even the occasional wedding.
Kava Café and Restaurant has also had some very successful special themed nights, based around a particular country’s food. The business is also set up for catering events, but this has not been promoted.
Smyth says: “Waihi is a great place to have a café as it is a popular lunch stop for people travelling from Auckland to the Bay of Plenty and back. Kava café has loyal local customers throughout the year, boosted by the many visitors biking the Hauraki Rail Trail or staying at their beach baches over the summer. However, there is still a large volume of traffic through the town all year round.”
“Waihi has a rich mining history and was once one of the most prominent gold and silver mines in the world. Today mining remains a key industry for Waihi, which still has several gold and silver mines.
"Owning this business represents a wonderful opportunity for someone to own a business at Waihi and live at one of the best beaches in the Bay of Plenty. Waihi Beach is just ten minutes’ drive over the hill from Waihi and offers a fabulous beach and fishing lifestyle for those who are lucky enough to live there.”
Kava Café and Restaurant would suit a couple with some experience of hospitality, keen to have their own profitable business. The current owner says that he cooks, but he is not a chef. He has the main responsibility for managing the business and they have a qualified chef who has been with the business for many years. The other owner works part-time in the business. There would be a handover period and the vendors would give full assistance to ensure a smooth transition.
As the current owners point out, there will be growth in this business when the overseas tourists come back, as the Waihi Martha Mine, Hauraki Rail Trail and Karangahake Gorge historic walkway are all popular attractions. After ten years the owners are now ready for a change and this licensed café and restaurant is a great opportunity for enthusiastic new owners to achieve significant growth.
The asking price for the business is $160,000.
- Article supplied by Link Business Brokers
