Maggies (46 Stuart Street), Dunedin Central, Dunedin City

Iconic Dunedin Institution “Maggies”

View location map »

Maggies (46 Stuart Street), Dunedin Central, Dunedin City

Iconic Dunedin Institution “Maggies”

Business for Sale

$450,000 plus stock plus GST (if any)

About

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.

read more +

The venue trades 7 days a week from a large, airy, and aesthetic location situated underneath a large heritage office building occupied by the Otago Daily Times, across from the Dunedin High Court. 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, including performances from Marlon Williams, Kane Strang and Violet Hirst, Delany Davidson, Ebony Lamb, Robert Scott and many more. Saturdays reserved for functions: hosting 21sts, 50ths, 60ths, and dozens of work Christmas parties.

Maggies prides itself on its coffee, using some of the best available in the Aotearoa, a custom-branded and bagged roast through the Vanguard Specialty Coffee company here in Dunedin for its white coffee drinks, and an ever-changing seasonal espresso blend for black, alongside a daily rotating list of single origin offerings on batch brew.

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.

property details +

Web iD: COMMB1650
Approximate floor area: 195m2

View Google Map of Property

Agent

Merrin Bath

Merrin Bath

Commercial Consultant

Mobile: 027 202 0903
Direct dial: 03 470 2549