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A rare opportunity to purchase an Otago based hospitality business that has high revenue activities spread across accommodation, gaming, bar and restaurant, is now available.
The business boasts a fantastic location, huge street presence, a good reputation and is such a unique and rare opportunity for someone that wants to roll up their sleeves and work in the business to further grow it or remain a hands-off owner, as this business has plenty of options, given its excessively high yearly profits.
The accommodation, over the past 12 months is showing 83% occupancy and features a mix of rooms across single, twin, double and family. Most elements of these rooms have been updated in the past 4-5 years. Onsite, there is also a managers/owners residence, and more rooms are currently being completed.
The gaming room is high performing and would be one of the busiest rooms in the Otago region. Bar, food and gaming activities make up about 60% of the total revenue and are popular with the general public and in-house guests.
Contact Jono - 021 045 3871 for more information.
Confidentiality is strict on this one.
Price guidance over $1.1mil.
***Some of the details for this business may be subject to strict confidentiality requirements which can only be disclosed upon completion of a confidentiality agreement with the listing agent. These details may include the location, the nature of the business operations, sales performance figures, or other privileged information. Please contact the broker for further details and to arrange an appointment.
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$950,000
$1,200,000