One of the most recognised brands in the New Zealand hospitality industry, Lone Star Gisborne has one of the best waterfront locations in the country, with a unique maritime atmosphere.
A popular destination for locals and visitors, it offers customers an exceptional dining experience and a beautiful location to enjoy drinks with friends and family.
Now on the market through Jeff Wiley of ABC Business Sales, this is an excellent opportunity for a hands-on franchisee to step straight into a consistently profitable business.
The business has recently undergone extensive renovations and extensions and is forecast to have its best year in 2023.
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“Purchasing a business like this has a tremendous upside. You can walk in and trade profitably from the get-go while knowing you are getting great training and support from head office,” says Wiley.
During its 34 years of operation, the Lone Star Café and Bar franchise chain has proven itself the best in its category and continues to dominate its competitors.
Lone Star Gisborne is no different. With a turnover above $2 million every year since its opening, a new owner can be sure that demand in the region is high, with weekly sales between $45-$50,000.
Although the establishment’s success is obvious, there are still opportunities for further development.
Currently open for late afternoon and evening dining, a new owner could expand operating hours to lunch service and further utilise the recent conservatory extension.
Boasting three separate spaces for various private and business functions along with its harbourside location, Lone Star Gisborne has an excellent reputation for hosting events.
The restaurant comfortably seats 80, with an additional 40 on the sun-drenched deck, and the conservatory seats another 50, making this a large venue. Trading on a tavern licence for over 200 people, the establishment has something for everyone, from its family-friendly environment to the authentic bar experience.
“The short trading hours and the slower lifestyle which Gisborne offers will give the successful purchaser an enviable lifestyle,” says Wiley.
Gisborne presents a great lifestyle and opportunity to live in a vibrant, growing city serving the wider Tairawhiti region.
The population of more than 48,000 will allow the new owner to free themselves from the shackles of the big city and experience the serenity of the North Island's east coast while serving up American-Kiwi cuisine in one of the region’s most successful restaurants.
Contact: Jeff Wiley, ph 021 555 384, email [email protected]
— Article supplied by ABC
