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Exciting Hospitality Opportunity Business for Sale

Cornerstone Bar & Restaurant - Owner Retiring; Fresh enthusiasm required, Tauranga

$500,000 - Bay of Plenty

#L000316

detail

A rare chance has emerged to acquire an established, award winning hospitality operation situated in the heart of a rapidly revitalised CBD.  The business  name has been operating in and around the Tauranga area since 2004 and has been in its current premises since 2018. 

The business boasts a friendly atmosphere while taking in the outstanding views of the Tauranga Harbour. The location is at the heart of Tauranga’s night life and provides an array of bars and restaurant to cater for the discerning loyal locals and ever-increasing tourist market. 

This award-winning business is perfect for your after works drinks, corporate or family functions, a quick lunch or a catch up with friends. They also have a huge array of big screens featuring multiple sports channels simultaneously so that customers will never miss a minute of the hottest sports action.

The Tauranga CBD is undergoing an extensive rebuilding programme with significant commercial; hotel/ Accommodation  and residential/apartments being completed over the next 2 years. There are many corporate and professional businesses relocating back to the CBD and it is envisioned that this will provide a major boast to the hospitality outlets in this location. 

Key Highlights

  •  Award winning hospitality enterprise with a strong reputation and consistent performance
  •  Popular sports focused venue, well known for its lively atmosphere and loyal customer base
  •  Diverse entertainment offering, including live events, themed nights, and televised major sporting fixtures
  •  Prime CBD location benefiting from extensive redevelopment, increased foot traffic, and renewed commercial activity
  •  Supportive, experienced team in place to ensure operational continuity and a smooth transition for new ownership
  •  Significant growth potential, with opportunities to further expand entertainment, food and beverage offerings, and event based revenue
  • Registered Asset valuation - $430,000

Reason for Sale 

After 21 years in the hospitality industry, the owners have decided it is time to hand over this iconic business to a younger pair of hands who can realise the outstanding opportunity that presents itself. The redevelopment of Tauranga’s CBD cannot be underestimated, and the opportunity awaits an enthusiastic and vibrant operator.

Net Surplus $POA  


Contact: Paul Brljevich
Office: Tauranga

Confidentiality Agreement for Business Reference L000316, Broker Name Paul Brljevich

Between Tabak Business Sales and the Interested Party.  The Interested Party must be an individual's name, NOT a company name.

In consideration of Tabak Business Sales (being any or all of Tabak Limited (Licensed under REAA 2008) and/or Tabak Business Sales Limited (Licensed under REAA 2008) and their respective business brokers) entering into discussions relating to the possible acquisition of the assets or shares of any business(es) presented to me by Tabak Business Sales and specifically the business referenced above, I/We hereby agree and undertake as follows:

  1. To treat as totally confidential the identity of the business(es) disclosed to me and any details as to its operation or financial accounts;
  2. I acknowledge that the financial records, customer and supplier details and other information relating to the business to be disclosed to me shall at all times remain the sole and exclusive property of the Vendor and that such information is of competitive value and of a confidential nature and that loss or damage would be sustained by the Vendor if such information should be used or divulged by me for any purpose other than the evaluation of the purchase of the business or should it become into the possession of an unauthorised third party;
  3. Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by Tabak Business Sales;
  4. Not to make an approach to the Vendor of any business disclosed to me by Tabak Business Sales, or the business' staff, customers or suppliers without prior arrangement with Tabak Business Sales and to refer all queries through Tabak Business Sales;
  5. I acknowledge that Tabak Business Sales is the introducing agent, and that all offers and deposits for the business, shares or property will be conducted through that office;
  6. If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to Tabak Limited (Licensed under REAA 2008) and/or Tabak Business Sales Limited (Licensed under REAA 2008) as the case may be;
  7. If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify Tabak Business Sales against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach;
  8. That all information is received for no other purpose than the evaluation of the investment potential of the business;
  9. If I decide not to proceed with the investment, I agree to immediately return to Tabak Business Sales all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);
  10. Acceptance by Electronic Mail: Execution of this Agreement and transmission between the parties by electronic signature and email response each to the other or their representative will constitute offer and acceptance and satisfy the requirements of Section 5 of the Electronic Transactions Act 2002.
  11. Privity: For the purposes of Part 2, Subpart 1 of the Contract and Commercial Law Act 2017, the parties acknowledge and agree that the agreements and undertakings given by the recipient in this Confidentiality Agreement are given for the benefit of the Vendor and its related companies and representatives, and are enforceable at the suit of all or any of them.

Before proceeding with this Confidentiality Agreement, it is recommended that any prospective purchaser

  1. seeks legal advice.
  2. may or may need to seek technical or other advice and information.
  3. review Tabak Business Sales’ internal process in relation to any complaints.  A copy of these can be found here.
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