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Ad ID: 18041
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Hotel for Sale West Coast

Hotel Freehold Going Concern for sale. Accommodation - bistro dining - lounge bar - public bar - owner's accommodation. Great atmosphere and awesome place to live and work. Offers around $745k

Business Description

Hotel for Sale West Coast

The Public Bar is spacious and has a great atmosphere. Patrons come to chat with their neighbours, play darts, or have a game of pool. The bar has a potbelly fireplace and is lovely and warm in winter. The clientele are mainly working people and older residents.

Lounge Bar. The Lounge Bar has 6 Pokie Machines run by the Grey Valley Lions Club. The bar also houses the New Zealand Racing Board TAB agency with plenty of room for punters to enjoy a quiet drink while studying their investments. Free tea and coffee are provided.

Bistro Dining Room: The Dining Room seats 35 people and offers a menu of grills and the very popular “World Famous Roast”. With Reefton being a mining town, there are a lot of single men who have their evening meal at the hotel.

Upstairs Accommodation: There are 7 easy-care bedrooms accommodating 11 people in a combination of twin and double rooms plus one triple room. The bedrooms offer true hotel accommodation (with or without a breakfast). The accommodation clientele are mostly truck drivers and tradesmen, easy to please with a warm clean room, a meal at night, and a cut lunch to take with them in the morning. They help themselves to a continental breakfast in the kitchen. Not surprising, Hotel Reefton has an excellent occupancy rate. Note Purchase Price + GST + SAV

Business Resources

Freehold premises: The freehold title to land (2000 square metres) and buildings at 75 Broadway, Reefton’s main street.The two storey building was built in 1910 of brick and plaster walls and an iron roof. The ground floor (410 square metres) comprises the Public Bar, adjacent Lounge Bar (for gaming), Bistro Dining Room, kitchen and service areas. The kitchen, which is very functional, has been modernised to cope with the large number of meals being provided by the Hotel.

The upper floor (220 square metres) has 7 accommodation rooms, all newly-painted, fresh and clean. There are two separate showers and two toilets to service these rooms.The Hotel provides a separate office, staff facilities, ample storage and an adjacent parking area for customers. The parking area is a separate freehold parcel of land and it is also included with the business sale.

Owner’s accommodation: The Owners/Managers accommodation (upstairs) has 2 bedrooms, 2 toilets, a small lounge, and a bathroom with shower, bath and hand basin.

Assets being sold: A complete list of all fittings, fixtures and chattels being sold is available to interested buyers.

Day to day managementBusiness Hours: Monday to Sunday – 11.00 am to 11.00 pm (licence is for 7.00 am to 3.00 am next day).

Staff: The Hotel is operated by the owners with assistance from 2 full time staff and 3 part time staff.

Stock: Wet and dry stock will total about $20,000.

Licences: Liquor Licence. TAB Induction.

Advertising and Promotion: Hotel Reefton does little advertising – its location and word of mouth recommendations do all that is needed.

Financials call business broker.