ALBERTOS RESTAURANT
This is truly a unique opportunity :
This is a ‘walk-in walk-out’ opportunity for new owners who can have customers on seats from day one.
The new owners will get: The Buildings, the going-Concern Business plus the land of 1,674 sqm (nearly 1/2 acre) which still has a very hefty 25 years remaining on the lease period.
Plenty of room to expand or build owner’s accommodation at the back of the restaurant
Located between the Edgewater Resort and Sunset Resort on the main road of Arorangi,
Alberto's offer casual dining plus a great selection of NZ and Australian wines.
Established in 1997, Alberto's is situated on the western side of the island in the beautiful village of Arorangi and is within walking distance of the Edgewater and Sunsets Resorts.
Albertos is loved by visitors and locals alike and offer a la carte menu, cocktails, refreshing beverages and the local "Cooks Lager" on tap. A popular Asian Takeaway is situated at the front of the establishment.
Current owners now wanting to retire after 17 years of successful operation
Sold as a going concern.
Ready for new owners to put their own stamp on this iconic dining establishment and the ability to build owners’or managers accommodation ( on site )
BUSINESS DETAILS
Location Main Road Arorangi
Island Rarotonga
Land Size 1,674 sqm
Room for expansion Yes
Seating Capacity 55 inside, 18 outside (+ room for expansion)
Lease Period 25 years as at 2023
Lease I.D Raupa Pt Section 87E2A Arorangi
Property Type Licensed Restaurant and Bar
Asking Price NZD $495,000 +stock (+refundable VAT )
NB : THERE IS ADDITIONAL LAND AT THE REAR OF THE RESTAURANT WHERE OWNERS COULD BUILD THEIR OWN HOME OR ACCOMMODATION FOR MANAGERS ( OR BOTH )
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