Ad ID: 103225

Iconic Tavern, Hotel, Restaurant and Bar for Sale Waikato

Iconic provincial hospitality Tavern / Hotel, Restaurant and Bar

+ GST (if any) + stock

Business for Sale Description

Iconic Tavern, Hotel, Restaurant and Bar for Sale Waikato

Turnover - approx. $2million per annum

Location - Waikato, New Zealand

Located in a thriving coastal surf town, the venue is positioned on a large central town site. This truly iconic hospitality venue has been well established for over 100 years. With ample private customer parking, the hotel/tavern is surrounded by a mix of busy retail, and idyllic blue chip coastal residential housing. Only 2 hours drive from Auckland or 35 minutes by car from Hamilton.

Post-COVID recovery continues to be strong with current weekly sale averages climbing back towards pre-COVID levels.

This business is fully managed and has been for the last 7 years. All the systems and team structure well embedded.

Business highlights include:

• Fully Managed = Lifestyle

• Approx. $2mil turnover p.a

• 10 Accommodation room upstairs

• A la carte restaurant with multiple bars

• Current ownership over 20 years of proven success

• New lease to be drawn up with purchaser.

• 50:50 food / beverage split

• Very loyal local community patronage

• 18 Gaming machines

• TAB full service + self service Kiosk

• Both On and Off license

• Great loyal staff in place

• All operations well systemised

Details of this business are strictly confidential.

Enquire now to express your interest and to complete a Confidentiality Agreement.

Or call either Jayson Hayde 027443 9475 or Matt Clifford 021 516 515.

Due to confidentiality a stock photo image has been used to represent this business.

The identity and confidential information relating to the business will only be provided to interested parties who agree to the terms of Non-Disclosure and Confidentiality and who can successfully demonstrate both a genuine interest and the financial means necessary to complete a transaction at the displayed sale price.

For more info
Contact: Matt Clifford

Matt Clifford

021 516 515
Bayleys Business Sales
Licensed REAA 2008
Broker Ref: 1692834

Interested In This Opportunity?

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