Ad ID: 52361 Inactive
Hotel for Sale Waimate
Big Pub. Big T/O. Big Potential.
Business for Sale Description
Hotel for Sale WaimateThis 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 to go even further 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 whole first floor of this building is used for the owners accommodation and consists of five large bedrooms, large 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.
Waimate is about 30 minutes away from both Timaru and Oamaru. There is 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.
We would welcome your enquiry on the Land, Buildings & Business at $1,150,000 of this hotel for sale in Canterbury via this website or by phoning INKY STOVE on 0800 263339, DDI 03 550 0471 or 021 182 6940.