Ad ID: 46925 Inactive

Tavern Freehold Going Concern for Sale Northland

Tavern Freehold Going Concern that that three income streams, the bar, the restaurant and the wholesale bottle store. 3 bedroom accommodation inside the tavern and a separate two bedroom cottage.

Location:
Asking:
$950,000
+GST

Business for Sale Description

Tavern Freehold Going Concern for Sale Northland

The tavern is a focal point for the district with many regulars who are attracted by the great food and varied entertainment. The Hotel caters for all types of Fuctions such as Hen's Parties, Baby Showers, Birthdays, Family Dinners, Staff meetings all of which are frequently held.

The restaurant offers quality country pub meals at affordable prices and comes with a cosy open fire for the winter and an outfdoors courtyard for the summer.

There are three income streams, the bar, the restaurant and the wholesale bottle store.

The accomodation is three bedrooms inside the hotel and a separate two bedroom cottage. The land title is divided between the hotel (commercial) and the cottage (residential) which will make it easier to raise a mortgage for the total site.

Business Resources

The site is large at just under 2 acres and is big enough to accomodate additional buildings for a possible B&B or backpackers operation.

The owners have just negotiated a new contract with their preferred brewery who are busy installing a new beer system including bar fridges and signage. The hotel has also just obtained a new onlicence which operates 9am-11pm Sunday to Tuesday 9am-1am Wednesday to Saturday. The Off Licence is from 11am-10pm.   

Note:  The purchase price is $950,000 plus stock at valuation + GST (if any)

There are also plans in place to open up the main bar and restaurant by removing walls amd extending the deck at the back of the pub and adding a deck at the front to open up for Gastro Dining.

So the upside is there and all it will take is an enthuisatic hands on operator to take this Pub to the next level.

Don't delay in contacting me about this sale as I am happy to answer your questions. We specialize in helping buyers of taverns, country pubs and hotels in Northland and throughout New Zealand.

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