Rarotonga's World Famous
And Function Centre
Business now available to purchase
The ultimate lifestyle with proven profits.
FINE DINING - ISLAND STYLE!
This beautifully presented Iconic restaurant is located on the island of Rarotonga in the Cook Islands. A well restored heritage colonial house set on 2.5 acres of lawns sweeping down to the lagoon.
It is situated just a 3 minute drive from the town centre. Diners enjoy a feeling of nostalgia for a bygone era in the peaceful seclusion of this truly unique tropical setting.
In beautiful surroundings one can enjoy espresso coffee, lunch, dinner or just some fine wines or a cocktail on the veranda overlooking the palm-shaded lawns to the ocean.
An ever-changing menu of the finest local and international dishes, plus the highest quality wine and beverages.
A popular venue for weddings and group dinners or lunches and well known for a line up of fine dining entertainment .
Option 1 : NZ$575,000.00 plus refundable vat if any.
The sale of the Tamarind Operation, the actual restaurant business, including the rapidly growing functions business, stock, furniture , equipment, goodwill. The lease on the premises for 5 + 5 + 5, with an option to renew beyond that time.
The weekly rental on the property is $1500.00 per week, which includes the rental on the restaurant building, (100 year old colonial house) storage sheds and stores, parking, beach frontage, designated grounds and the Summer House wedding venue.
There is an additional option of renting the Owner's 2 bedroom modern ocean view cottage adjacent to the parking area, partly furnished, for $300.00 per week.
There is an additional option of renting 2 small staff studio accommodations on the property, (which are designed to be removable if not required by the new operators) for a further $75.00 per week each.
Option 2 : $1.750,000 plus refundable vat if any
Includes the Tamarind Operation, the actual restaurant business, including the rapidly growing functions business, stock, furniture and equipment, goodwill, plus the 27 years remaining on the whole of the Tamarind property = 2 1/2 acres, the restaurant building, storage sheds and stores, parking, Summer House wedding venue, owner's 2 bedroom ocean-view cottage and 2 staff studio accommodations.
The vendors would consider being employed by the new operators to manage the business when they wanted to take annual leave or breaks throughout the year. They would also be happy to be employed to assist with functions and weddings if required
They are happy to stay on for one month included in the sale price, or for a further period of time as employees, until new owners are confident enough .
There are excellent staff, including 2 chefs, wait and bar staff, all of whom are on contract to Tamarind House from the Philippines, (9 in total). Some have just renewed for a further 3 years, some still have 2 years remaining on their contract, 2 have just arrived with a fresh 3 year contract) so new operators will have a guaranteed professional staff structure to assist them and help make their lives run smoothly.
There are also part-time Cook Island workers, together with a Cook Islands accounts clerk/personnel manager.
For those that can remember the ‘ORIGINAL’ Raffles hotel in Singapore – then this certainly is of a similar feel.
The turnover and recorded profitability of this business is excellent and there is still plenty of room for growth for the right owners.
This is the perfect lifestyle business with great staff, ambience, location and reputation.
Tamarind house view from the sea
You are invited to enquire now !
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