Restaurant and Bar for sale that is currently trading well located within a resort in Central Otago, New Zealand
Monday 20 January 2014, 5:12PM
By Chrissy Chisholm - Tourism Business Broker
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Owners of resort are seeking ideal couple to take over entire food and beverage operation urgently to allow them to cotinue both the conference centre and the additional villas within the resort located near Cromwell in Central Otago.
The Restaurant and Bar is currently trading exceptionally well and construction is underway to create an awesome conference centre and events venue adjacent to the existing restaurant and bar complex.
The Restaurant seats approx. 50 guest inside and 20 utside. The new conference centre will seat 130, allowing for 3 conference and function rooms serviced by one kitchen. A second outside garden seating approx. 35 has also been added to the complex.
Turnover is now exceeding over $1 million per year and has been increasing at 10% per year. during it's 3 years of operation.
The proposal is that the Landord will create a 5 x 5 year lease and the rental will be 6% of turnover.
The adjacent resort provides good food and beverage revenue along with excellent local support plus the newly created Highlands motor sport park in Cromwell has added additional business for the entire complex.
Don't delay in contact Adrian Chisholm - TourismProperties.com www.tourismproperties.com real estate specialists in helping buyers and sellers of resorts in New Zealand. Adrian can to contact on 021 727 88 or email adrian@tourismproperties.com