Restaurant for Sale in Avarua, Rarotonga, Cook Islands

Ocean Front Restaurant and Potential Boutique B & B

Situated in one of the last“ Heritage” Colonial Houses on Rarotonga. The House was originally built to house the managers of the Union Steamship Company in 1909. The restaurant was opened in 2004, keeping the original house completely intact, with the exception of the new verandas and the century old Kauri floorboards from the kitchen that have been used to form the front of the bar.

Seating 90 in the restaurant (120 function seating) the restaurant caters comfortably for groups of all sizes.

Weddings are a huge source of business in the Cook Islands and this restaurant's memorable wedding package is very popular, making it one of the most sought after locations.

Turnover of US$1,000,000+

Option 1
Restaurant Operation Sale: US$450,000 plus weekly rental of USS1000
Includes Restaurant Business, five year lease renewable for 5 years
Well-established and world acclaimed restaurant, wedding and function operation.
Chattels : replacement value in excess of US$200,000
Stock on hand: value at around US$20,000
Goodwill
Weekly rental Includes beautiful 100 year old Colonial House, with seating in the restaurant for 90+ diners.
Full use of 2 ½ acres land, ocean frontage, one of the best locations in the South Pacific.
Summer House for extra functions, seating up to 35 diners or 70 for a stand –up cocktail function
Large parking, area. Laundry area, storerooms, staff cottage accommodation.
Adjoining ocean-facing two bedroom cottage available for rent also at $275.00 per week, unfurnished.

Option 2.
22 Year Lease on 2 ½ acres of ocean front land and buildings: US1,200,000. No weekly rental.

For the purchaser of the 22 year lease, there is an opportunity to convert the Heritage colonial house into a unique 5 – 6 room boutique tourist accommodation/B & B, and to utilize the Summer House if required as the restaurant venue.

Price above includes 22 year lease on the restaurant operation with chattels, stock and goodwill as described above, and includes the 22 year lease on the Heritage Colonial House, the two-bedroom ocean facing cottage, Summer House and outbuildings, storerooms, staff cottage accommodation, double carport, large parking lot.