Arcadia Café, Restaurant & Bar at Waiheke Island's Palm Beach delivers on all counts. Jeff Wiley of ABC Business Sales says, "It's highly profitable and has zero competition in the area. It's an all-day eatery that thrives throughout summer and gets great local support year-round. So it's a very appealing opportunity for a new owner-operator or investor."
Wiley says the vendor reports an excellent return to strong trading levels following last year's lockdowns.
Customers range from locals who live nearby to the holidaymakers who own baches or rent Air BnBs, holiday accommodation or motel/hotels in the area.
The eatery has a well-appointed deck out front which gets all-day sun, a beer garden out back, and a great dining area inside.
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"While the hospitality industry is going through a bit of a challenging period right now, some businesses are flourishing, and Arcadia is one of them.
"Opportunities like this are hard to come by in this industry - not easy to get your hands on. Arcadia is a perfectly positioned all-day eatery in one of the best locations in Waiheke and Auckland."
The business was opened by husband-and-wife Daniel and Rebecca Fowler in 2018. They have done a fantastic job of getting this business to its current level but with a young family, a move overseas is on the cards for them.
The business operates very smoothly. Daniel is the current head chef but has a solid team behind him who are ready to step up when the time comes.
An owner-operator (head chef or manager) could take over and bring in a minimum of $250,000 a year or even better; an owning partnership (head chef and manager) could run the business and take home at least $300,000 a year based on current numbers.
And there is still room for improvement, with a recent investment made into winter-proofing the deck overlooking the beer garden, which will increase the seating capacity during cooler days and nights.
Functions, catering, live music, quiz nights, hiring out kayaks, and paddleboards are all opportunities that either have been untapped or could do with some promoting.
Arcadia is open five days a week - Wednesday 3-10pm; Thursday 10am-10pm; Friday, Saturday 9am-10pm; Sunday 9am-3pm.
The investment required is $595,000 plus stock is additional at approximately $15,000.
Contact: Jeff Wiley, 021 555 384, [email protected]
- Article supplied by ABC Business Sales
