Ad ID: 52361

Hotel for Sale Waimate

Big Pub Big T/O Big Potential FHGC $1,150,000

Business Description

Hotel for Sale Waimate

This property has everything going for it.  It has public and lounge bars, kitchen and dining area, huge beer garden, large bottle store, TAB outlet and Poker machines. The last 3 years have produced a good and increasing bottom line.

 

There is the potential  for new owners who are willing to drive this property to its full potential. There is some work to do, but the income is there to do that.

 

The  first floor of this building is used for the owners’ accommodation and consists of five large bedrooms, lounge, kitchen and bathroom facilities. There is potential to divide and add an extra bathroom to house a manager or relieving staff, to avoid having to share your own accommodation.  

Business Resources

Waimate is about 30 minutes away from both Timaru and Oamaru. A proposed plan for new irrigation by Meridian Energy which will require large numbers of workers to carry out proposed work on the nearby Waitaki River. The implications of this for the town would be increased clientele for a lengthy time frame.

 The current owner wishes to retire so there is a great opportunity for some new blood to come into this business and push it to higher levels. 

Contact:

 

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