Country Hotel Business for Sale in Central Otago
| Asking: |
$1,150,000 |
Click for more images
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| Turnover: |
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| Type: |
Accommodation |
| Location: |
Central Otago |
| Successful & Iconic Country Hotel, Freehold Going Concern located in the centre of the Rail Trail Central Otago. |
| Business
Description: |
The current owner of 30 years tenure is ready to retire, and offers this long established and profitable business to the market.
Its main strengths are the location on the Central Otago Rail Trail, strong trading history, and spread of Income from various operations. Bucking the national trend with a growing turnover and profitability, what is unique about this hotel is its diverse clientele which reduces the seasonal impact that many other accommodation providers experience throughout NZ.
This well known hotel with a strong local following is perfectly situated to capture the summer seasons Rail Trail cyclists, fishing & hunting & 4 wheel driving trade. During winter the business caters to curlers playing at the world class Curling Rink 10 minutes away and has built up a regular trade, hosting contractors and travellers who provide significant “bread & butter” over the winter months. Yet with all that there is still room to grow the business.
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| Business
Resources: |
The business provides a number of income streams:
1. Purpose Built "Oasis Restaurant" with Bar
2. "Frontier Sports Bar" (Separate)
3. Accommodation - 18 newly decorated rooms
4. Bottle Store
5. Gaming machines with excellent site rental
The fully licensed commercial kitchen had a major upgrade in 2009 with all new commercial kitchen appliances, complying with the Central Otago food safety program.
This business could comfortably be run by a couple with the existing staffing and/or an extended family.
Owners will save on living expenses as there is a tidy and spacious two bedroom owners flat within the premises.
For further information a comprehensive information memorandum and independent registered valuation (Nov 2011) is available to approved enquirers.
Very Motivated owner says SELL NOW
Asking $1,150,000 plus stock (plus GST if any)
With an Independent Registered Valuation of $1,400,000 and an asking price of $1,150,000 the Ranfurly Hotel is extremely good buying - Contact us Now to find out more about this vibrant business! |
| Contact: |
| Ron & Tracye Mossman on (03) 444 9140 or 027 296 0065, anytime, 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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