Country Pub and Accommodation for Sale North Otago

Classic Country Pub & Accommodation For Sale

Business for Sale Description

Country Pub and Accommodation for Sale North Otago

A well established business operating since the 40’s with income from: Accommodation, Food, On-Licence, Off-Licence, Gaming and TAB.
The current owner has maintained and upgraded the operating assets and accommodation rooms during his tenure. All plant and equipment required to operate this business are included in the asking price, including a sign-written 8 seater courtesy van. At time to market the SAV is estimated to be $50,000.
There is ample off and on street parking and a drive up bottle-store window.
Food service is provided from a well equipped kitchen and served in the main bar and separate dining room. There is a street front licenced outdoor dining area.
This business is on the increasingly popular Alps to Ocean trail bringing a steady stream of group and freedom tourists through the town.
Accommodation: 10 visitor accommodation rooms plus a two bedroom visitor accommodation annex accommodating 15 to 25 guests. A 3 bedroom managers apartment with living room on the premises.
Lease: The current operator of the business is the current freehold owner and is offering to tailor a lease for the incoming business owner. Expected lease to be approx $40,000 per annum plus outgoings plus GST.
Turnover: $745,000 excluding GST.
Asking price: Realistically priced at $195,000 plus SAV (+GST if any).
Location: Waitaki Valley / North Otago / South Island / New Zealand.