Ad ID: 87258

Big Pub for Sale Waimate

Big Pub. Big Turnover. Big Potential.

Land, Buildings and Business $995,000 plus Stock at Valuation

Business for Sale Description

Big Pub 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 three 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. Total refurbishment of the kitchen and restaurant and the employment of a very good chef is already showing the potential that this property has. There is some work to do, but the income is there to do it.

The whole first floor of this building is used for the owners\' accommodation and consists of five large bedrooms, large lounge and kitchen & 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 period.

The current owner wishes to retire. He is operating it on his own so there are wage savings to be made for an operating couple. A great opportunity for some new blood to come into this business and push it to higher levels.

Please be aware that some of this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand and we have not been able to verify the accuracy of same.

Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum available on our website.

We would welcome your enquiry on the Land, Buildings and Business of this Hotel for sale in Canterbury via our website or by phoning INKY STOVE on 0800 263339, DDI 03 550 0471 or 021 182 6940.

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Contact: Inky Stove

Inky Stove

Inky Stove
021 182 6940 or 03 550 0471
Coffeys Tourism Property Brokers Ltd
Licensed REAA 2008
Broker Ref: 1788