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*** SOLD ***
Hotel with Wholesale Liquor Gaming Accommodation
Listing: #17778
Peter Redward
Broker | Bay of Plenty
This listing is no longer taking enquiries as it is SOLD
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About this Business for sale in Hauraki
Hotel with Wholesale Liquor Gaming AccommodationThis hotel located in the Waikato township of Ngatea is a large country pub. It has a wholesale liquor store, bars & function areas, 15 gaming machines that pay the rent for the whole complex, restaurant, 7 guest rooms, 3 bedroom owners accommodation, and a very large parking area suitable for trucks etc. There is huge potential both in the liquor shop and the development of the restaurant as dining opportunities in the town are limited. This business is one of only two off licences in the town, the other being held by the local four square store for wine and beer only. The owner considers it very unlikely that any more off licences will be granted in the area, & has been told as much by the local licensing agency. As such the liquor store is ripe for expansion. There's lots of room to extend it to make it a much bigger store than it is now .This is a real growth area for the business! Current turnover of the business is over $1 million. Rent is $85,000 p.a which is mostly paid for by the pokies site rental. This business has huge potential especially in the expansion of the bottle store off licence. The vendors are motivated to sell and will consider offers. For any further information contact me for a confidentiality form to complete after which we can discuss it in more detail.
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This listing is no longer taking enquiries as it is SOLD
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.