Iconic Dunedin Institution "Maggies"

Description

Maggies is a rare opportunity to own a well-established, highly regarded licensed cafe/bar in Dunedin's bustling hospitality scene. With a standout eleven-year trading history, this iconic Dunedin institution is ready for new ownership. Starting as Morning Magpie in 2014, the cafe has evolved and expanded, adding a third adjacent space to its floor plan, and launching itself as a fully licensed bar, function space, and live music venue.
The venue trades 7 days a week from a large, airy, and aesthetic location. It is situated in a prime CBD location, in the middle of popular tourist locations, the historic Dunedin train station and close to the heart of the city, the Octagon. It has a capacity of up to 100 patrons, offers multiple revenue streams from its day trade, supplemented with Friday after work drinks, art exhibitions, live music, hosting many gigs. Saturdays reserved for functions: hosting 21sts, 50ths, 60ths, and dozens of work Christmas parties.
Maggies has strong management with an amazing team in place to manage the day-to-day running of the business, leaving room for the new vendor to focus on growth, with plenty of room to expand the hours of evening trade and take on more functions while awaiting the new Dunedin hospital just around the corner.
With a solid annual turnover and strong net profit, the current owners are happy with their decade plus of achievement and are seeking new challenges out of the field of hospitality.
An extensive plant/chattels list and an on-going lease along with full financials are available, selling as a going concern. For further details and a full information memorandum, contact us now.