Waikato Pub Lease Definitely For Sale!

NZ$250,000 +SAV +GST if any

The pub occupies a highly visible site on the main highway between Hamilton and the Coromandel Peninsula (SH26). It is surrounded by very active businesses and enjoys high traffic flows.

The thriving town is a very pleasant place to live and do business.

The Pub comprises Main Bar, Garden Bar, 120-150 seat Restaurant/Function room, professional Kitchen and 16-machine Gaming Room. There is on-site parking for 50+ vehicles, with large overflow areas available at night.

The bar, kitchen, gaming commissions, ATM commissions, functions, conferences, etc. provide for many income streams.

The pub has undergone massive refurbishment and revival under the present lessees:

The Restaurant/Function room has been reopened
Both Bars have been renewed
A brilliant new Garden Bar has been added in really trendy style
Furniture has been renewed indoors and out
The Kitchen has been extended and refurbished, and now opens to both bar and restaurant/function area
The Gaming Room has been refreshed
The premises have been repainted throughout
Signage has been renewed
The result: one of the smartest, best presented pubs you’ll see anywhere. And the benefits of this major overhaul are now showing: 2010 turnover was $723,000.

The standard Lease runs until 2024. The sale includes a comprehensive Chattels list with a book value (at 31 March 2010) of over $94,000.

2011 Financial Statements are here now.

This is a brilliant opportunity for a new operator to take advantage of the superb groundwork laid by the present highly professional lessees.