Speakers Corner is a pub in a stunning position just back from Browns Bay beach on Auckland’s North Shore, offered for sale for the first time in over 20 years.
Situated on both Anzac Rd and the beach, Speakers Corner has been part of the community for decades, a thriving hub that attracts locals and visitors.
Nick Giles of Link Business Broking is marketing the property and says: “This is the quintessential ‘local’ where people know each other. It’s a meeting-place and melting-pot in the very best tradition of British pubs.”
High-quality food, friendly staff and a traditional English theme has allowed the business to earn a reputation for excellence.
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Speakers Corner doesn’t set out to offer fine dining or an elevated cocktail experience. It’s a true gastropub with good honest food, great service and a selection of 23 beers (some rarely offered on these shores).
“Everyone knows ‘Speakers’,” Giles says. “The owners have done a fabulous job here over 20-plus years and have enjoyed an enviable lifestyle because of this business.”
Speakers Corner is a fully managed, seven-day operation with strong systems in place. The owners do not work operationally in the business.
There is a solid and well-trained team to ensure the business runs smoothly and to high standards. Hundreds of positive reviews are testament to this.
The business enjoys weekly sales of around $40,000 (including GST) and sales are growing each month. “Even as a completely managed business, this place generates over $410,000 as an annual profit. There’s over $470,000 as a cash surplus if someone chooses to work here,” Giles says.
Speakers Corner benefits from a long lease, ensuring it will continue to operate from the location for several years.
Giles says there are certainly growth opportunities. “A new owner may well have fresh ideas. The current owners have done little in the way of marketing and adopting a digital marketing strategy and some tweaks to the overall offering could well pay dividends.”
He says this is a prime opportunity to acquire an adored pub and earn serious profits. “The business is extremely well settled and an easy one for a new owner to step straight in to. Even if you changed nothing here, the business would afford you the sort of lifestyle the current owners have enjoyed in this special part of the world.”
The asking price is $1.2 million plus stock. Giles says, “As a managed investment that price offers a fabulous return on investment of over 34 per cent. That’s pretty special.”
Contact: Nick Giles, ph 021 676 832, email [email protected].
— Article supplied by Link
