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Property Ref: 34468
Terra Mia Italian Cafe, Restaurant & Pizzeria for Sale in Arrowtown
Property Type: Cafes, Restaurants
Sale Type: Leasehold Interest (Business)
Region: Queenstown, Central Otago
Physical Address: Arrowtown, New Zealand
Price: TOP ARROWTOWN RESTAURANT BIZ FOR SALE $395,000 +GST(if any) +SAV
Broker: Adrian ChisholmMobile: +64 21 727 888
Want to own one of Arrowtown’s most profitable, and strategically located, licensed café and restaurants?
One of Arrowtown’s best hospitality businesses, in the prime pedestrian count, and with maximum street frontage to the sunny side of the Main Street (Buckingham Street) is for sale. This business has continued to trade exceptionally well during Covid, and the business is ideally positioned to extend the trading hours of the business, if the new owner wants to increase turnover beyond the current approximate $1m plus turnover that has been achieved during the last few years.
- Exceptional frontage to the main street of Arrowtown
- The historical nature of the building and premises is a strong drawcard
- Indoor seating for approximately 46 diners
- Gorgeous outdoor courtyard allows for approximately 18 diners
- Modern equipment and chattels
- An extended lease ensures the future of this business
- Turn key operation for the current Italian cuisine
- Potential for any other hospitality business, cafe, restaurant or bar complex
This business premises is fitted out in the historical decor of Arrowtown and has an awesome courtyard area at the rear which has great potential for development. The current owners are happy to train the new owners fully, with the recipes and operating procedures and systems. The new owners can step in and enjoy all the very hard work the current owners have built up over the years.
Please note the Italian Store (the sub tenant) currently pays $20,000 to Terra Mia or the new owner, as rent, outgoings and electricity. Thus the main restaurant rent reduces from $80,500 +GST to $60,500 +GST.
Full Listing Information for this Tourism Business will be disclosed to registered, approved Potential Purchasers.
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34468: P&L 4 years to 31 March 21
34468: Financial Performance Statement 2021
34468: P&L Report April to Sept 2019 2020
34468: P&L Statement
34468: Sub-Lease: Deed of Assignment - added 9 Aug 2021
34468: Current Terra Mia Menu
34468: Regional Information
34468: Plans 1 - added 29.7.21
34468: Plans 2- added 29.7.21
34468: Vendor Note 1 - added 3 Aug 21
|WEBSITE||TOTAL REVIEWS||AVERAGE RATING|
4 / 5
4 / 5
4.5 / 5
Real authentic Italian place with all the Italian pride but very humble. ★★★★★
Food was amazing as well as the service. Head chef and the owner of the restaurant Roberto and his lovely wife are very friendly and caring. The ambiance is beautiful and foods are made of fresh products. Very nice wine! The price is very reasonable ($26-30) for a main. One of best Italian restaurants I’ve been in New Zealand.
You honestly cannot get better pizzas! ★★★★★
You honestly cannot get better pizzas or Ragu in 99% of restaurants around. I have lived in Melbourne and have been to Italy a fair few times. The pizza here is extremely authentic. The Ragu is delicious, authentic and a must try. Been to Terra Mia many many times and will always go again. Don’t miss it!
One of the best! ★★★★★
Spent 5 weeks in Italy and had some pretty average pizzas with one place in Naples, of all places, that really stood out. I’m proud to say little old NZ has captured one of the best. Terra Mia in Arrowtown provided us with a truly authentic Italian experience good food, great Italian wine and really friendly authentic staff. Really enjoyed our dinner and would recommend them in a heat beat.
Best in Arrowtown ★★★★★
Took friends from the North Island to Terra Mia and it was absolutely sensational! Transported us back to Italy! We had pizza, gnocchi, arancini balls (10/10) cannelloni and a range of deserts. All were faultless! Thank you Alberto and team. We are Arrowtown locals and can’t wait to come back!!!.
Best Italian in years! ★★★★★
Great cosy restaurant. Customer service was great and the food was the best Italian we have had in years! A gem in Arrowtown!
When you can’t go to Italy at the moment, Terra Mia transports you to Italy with their authentic Italian cooking, can’t beat food when it is cooked with passion!
An absolutely lovely meal. We had a pizza and pasta and then ordered a second round. Super fresh, delicate flavours. I highly recommend the Italian hot chocolate.
Delicious pizzas and great service. One of the best pizzas I’ve had in NZ.
Beautiful dinner! The staff were all so friendly and attentive. We both loved the arancini and the pizza! Also the cheesecake. Amazing. Couldn’t recommend this restaurant enough, thanks again and we will be back.
We love Terra Mia, the food is incredible. We’re huge fans of the pizza and the tiramisu. The staff are always fun too, highly recommend!
Source: Online review platforms.
Sale TypeLeasehold Interest (Business)
RegionQueenstown Central Otago
Physical AddressArrowtown, New Zealand
PriceTOP ARROWTOWN RESTAURANT BIZ FOR SALE $395,000 +GST(if any) +SAV
Adrian ChisholmPRINCIPAL | Tourism, Hospitality & Leisure Business Broker
Head Office | Otago & Southland
International: +64 21 727 888
NZ Mobile: 021 727 888