Country Hotel Business for Sale in Central Otago
| Asking: |
$1,150,000 |
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| Turnover: |
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| Type: |
Accommodation |
| Location: |
Central Otago |
| Outstanding Country Hotel, in a great location on the Central Otago Rail Trail, being offered as a Freehold Going Concern. |
| Business
Description: |
2012 Financial Accounts for this vibrant business are now completed and show an impressive net profit far in excess of the industry benchmarks. Yet the business still has huge potential for further increases in profitability!
Located in beautiful Central Otago with its vast landscapes, this business has a strong trading history with a diverse clientele, which reduces seasonal fluctuations.
The Hotel has a number of income streams:
• Purpose Built "Oasis Restaurant" with Bar
• "Frontier Sports Bar" (Separate)
• Accommodation - 18 recently decorated rooms
• On site Bottle Store
• 7 Gaming machines with excellent site rental
There is a 2 bedroom owners flat with views on site and the modern commercial kitchen was completely renewed in 2009.
With existing staff and systems in place, the business could comfortably be run by a manager or a couple or it could provide income for extended family.
Motivated Vendor is retiring and has reduced the Asking Price to $1,150,000 plus stock (plus GST if any).
With an Independent Registered Valuation of $1,400,000 this Hotel is extremely good buying!!
If you are looking for an excellent return on your investment, with the potential to increase profit and the value of your assets, then this is the business for you.
A comprehensive Information Memorandum will be made available to approved purchasers.
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| Business
Resources: |
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| Contact: |
| Ron & Tracye Mossman on (03) 444 9140 or 027 296 0065, or email rmossman@windowslive.com
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| Visit Our Website: |
| www.ranfurlyhotel.co.nz |
| Listing ID: 22885
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| Listing URL: |
| www.nzbizbuysell.co.nz/22885
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